FX.co - USDCAD broke below ascending trendline support! Further drop expected!

2020-06-16T02:43:06

Long-term review

Trading Recommendation

Entry: 1.35623

Reason for Entry: Graphical overlap

Take Profit: 1.34599

Reason for Take Profit: 161.8% fibonacci extension

Stop Loss: 1.35856

Reason for Take Profit: 38.2% Fibonacci retracement, moving average resistance

*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 broke below ascending trendline support! Further drop expected!