USDCAD Trendline breakout and Pullback. Further drop expected!

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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

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