FX.co - USDCAD bounce in progress towards descending trendline resistance!

2020-06-30T02:08:35

Long-term review

Trading Recommendation

Entry: 1.36588

Reason for Entry: Moving average support

Take Profit: 1.36970

Reason for Take Profit: 78.6% Fibonacci retracement, descending trendline resistance.

Stop Loss: 1.36367

Reason for Stop Loss: -27.2% Fibonacci retracement, 100% 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 ★ USDCAD bounce in progress towards descending trendline resistance!