FX.co - USDCAD Trendline breakout and Pullback. Further drop expected!

2020-04-09T04:31:39

Long-term review

Trading Recommendation

Entry: 1.40802

Reason for Entry: Graphical overlap

Take Profit : 1.38664

Reason for Take Profit: 61.8% Fibonacci extension

Stop Loss: 1.41638

Reason for Stop loss: 38.2% Fibonacci retracement, descending trendline resistance

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USDCAD Trendline breakout and Pullback. Further drop expected!