09.04.202006:31 Forex Analysis & Reviews: USDCAD Trendline breakout and Pullback. Further drop expected!

Long-term review

Exchange Rates 09.04.2020 analysis

Trading Recommendation

Entry: 1.40802

Reason for Entry: Graphical overlap

Take Profit : 1.38664

Reason for Take Profit: 61.8% Fibonacci extension

Stop Loss: 1.41638

Reason for Stop loss: 38.2% Fibonacci retracement, descending trendline resistance

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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