FX.co - CAD/JPY approaching resistance, potential reversal

2020-05-26T03:17:13

Relevance until2020-05-27

Trading Recommendation

Entry: 77.528

Reason for Entry: horizontal swing high resistance and 78.6% fibonacci retracement

Take Profit: 76.499

Reason for Take Profit: horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 77.814

Reason for Stop loss: Horizontal swing high resistance, 61.8% fibonacci extension

*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 ★ CAD/JPY approaching resistance, potential reversal