FX.co - USDCAD reversing below ascending trendline/channel resistance!

2020-06-22T03:24:54

Long-term review

Trading Recommendation

Entry: 1.36023

Reason for Entry: Market price

Take Profit: 1.35591

Reason for Take Profit: 100% Fibonacci extension, ascending trendline support (channel support)

Stop Loss: 1.36303

Reason for Stop Loss: 88% Fibonacci extension, ascending trendline resistance (channel 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 reversing below ascending trendline/channel resistance!