FX.co - GBPCAD approaching support, potential bounce!

2020-07-22T04:34:51

Relevance until2020-07-23

Trading Recommendation

Entry: 1.70751

Reason for Entry: Ascending trend line, horizontal overlap support, 78.6%, 38.2% fibonacci retracement and 78.6% fibonacci extension

Take Profit: 1.71571

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1.70285

Reason for Take Profit: 127.2% fibonacci retracement

*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 ★ GBPCAD approaching support, potential bounce!