FX.co - USDCAD holding below descending trendline resistance. Further drop expected!

2020-04-14T10:37:29

Long-term review

Trading Recommendation

Entry: 1.40088

Reason for Entry: 38.2% Fibonacci retracement, moving average and descending trendline resistance

Take Profit : 1.37477

Reason for Take Profit: -27.2% Fibonacci extension

Stop Loss: 1.42365

Reason for Stop loss: Graphical swing high

*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 holding below descending trendline resistance. Further drop expected!