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CADJPY approaching swing high! Pullback towards trendline expected!

analytics5f028af4e2783.jpg

Trading Recommendation

Entry: 79.703

Reason for Entry: Recent swing high, -27% Fibonacci retracement, 161.8% Fibonacci extension

Take Profit: 79.332

Reason for Take Profit: 61.8% Fibonacci retracement, ascending trendline support

Stop Loss: 79.914

Reason for Stop Loss: 161.8% Fibonacci extension

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