USD/CAD Approaching Resistance, Prepare For A Reversal
June 13, 2018 4:22 am
USD/CAD is approaching its resistance at 1.3067 (61.8% Fibonacci extension x4, horizontal swing high resistance) where we expect to see a reversal, causing the price to fall to its support at 1.2862 (38.2% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Sell below 1.3067. Stop loss 1.3147. Take profit at 1.2862.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CAD is approaching its resistance at 1.3067 (61.8% Fibonacci extension x4, horizontal swing high resistance) where we expect to see a reversal, causing the price to fall to its support at 1.2862 (38.2% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Sell below 1.3067. Stop loss 1.3147. Take profit at 1.2862.
The material has been provided by InstaForex Company – www.instaforex.com
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