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NZDCAD testing support, potential bounce!

analytics5f20e1be15059.jpg

Trading Recommendation

Entry: 0.88972

Reason for Entry: Ascending trend line, 61.8% fibonacci extension and 78.6% fibonacci retracement

Take Profit: 0.89335

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement

Stop Loss: 0.88783

Reason for Stop Loss: Horizontal swing low support, 100% fibonacci extension

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