FX.co - CADJPY coming close to descending trendline resistance! Drop incoming!

2020-07-08T02:35:25

Long-term review

Trading Recommendation

Entry: 79.260

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

Take Profit: 78.883

Reason for Take Profit: -27% Fibonacci retracement, 100% Fibonacci extension

Stop Loss: 79.424

Reason for Stop Loss: Recent 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! Drop incoming!