USD/CAD profit target reached perfectly, prepare to buy
May 22, 2017 3:18 pm
Price has dropped and reached our profit target perfectly. We prepare to buy above 1.3503 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.3641 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees strong horizontal support above our 36% level.
Buy above 1.3503. Stop loss at 1.3419. Take profit at 1.3641.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has dropped and reached our profit target perfectly. We prepare to buy above 1.3503 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.3641 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees strong horizontal support above our 36% level.
Buy above 1.3503. Stop loss at 1.3419. Take profit at 1.3641.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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