USD/CAD bounce in progress above support!

Posted On 14 Jan 2020

By : InstaForex

Trading Recommendation

Entry: 1.30425

Reason for Entry:

50% and 38.2% Fibonacci retracement, graphical swing low

Take Profit : 1.30950

Reason for Take Profit: 161.80% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high

Stop Loss: 1.30052

Reason for Stop loss:

78.6% Fibonacci retracement

The material has been provided by InstaForex Company – www.instaforex.com

Source:: USD/CAD bounce in progress above support!

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

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