FX.co ★ USDCAD Trendline breakout and Pullback. Further drop expected!

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