FX.co - CADJPY approaching swing high! Pullback towards trendline expected!

2020-07-06T02:23:17

Long-term review

Trading Recommendation

Entry: 79.703

Reason for Entry: Recent swing high, -27% Fibonacci retracement, 161.8% Fibonacci extension

Take Profit: 79.332

Reason for Take Profit: 61.8% Fibonacci retracement, ascending trendline support

Stop Loss: 79.914

Reason for Stop Loss: 161.8% 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 ★ CADJPY approaching swing high! Pullback towards trendline expected!