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FX.co ★ CADJPY showing trendline breakout and rejection. Further drop imminent!

CADJPY showing trendline breakout and rejection. Further drop imminent!

CADJPY showing trendline breakout and rejection. Further drop imminent!

Trading Recommendation

Entry: 76.467

Reason for Entry: Trendline breakout and pullback.

Take Profit : 75.924

Reason for Take Profit: Graphical swing low, 61.8% Fibonacci retracement

Stop Loss: 76.713

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
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