FX.co - USDCAD reacting below descending trendline resistance!

2020-05-05T03:19:18

Long-term review

Trading Recommendation

Entry: 1.40920

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

Take Profit : 1.39588

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 1.41525

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 reacting below descending trendline resistance!