FX.co - CADJPY coming close to descending trendline resistance. A further push down is expected.

2020-05-08T02:27:42

Long-term review

Trading Recommendation

Entry: 76.364

Reason for Entry: descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 74.973

Reason for Take Profit: Graphical swing low

Stop Loss: 77.260

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 ★ CADJPY coming close to descending trendline resistance. A further push down is expected.