FX.co - USDCAD coming close to descending trendline resistance. Limited drop inbound!

2020-04-28T02:14:22

Long-term review

Trading Recommendation

Entry: 1.40758

Reason for Entry: Descending trendline resistance, moving average resistance, 61.8% Fibonacci retracement

Take Profit : 1.40115

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

Stop Loss: 1.41198

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 coming close to descending trendline resistance. Limited drop inbound!