USD/CAD approaching 1st resistance, potential drop !

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Trading Recommendation

Entry: 1.4135

Reason for Entry: 50% fibonacci retracement

Take Profit :1.3996

Reason for Take Profit: Horizontal swing low support , 61.8% fibonacci retracement

Stop Loss: 1.4292

Reason for Stop loss: 100% fibonacci retracement, 50% fibonacci retracement

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