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01.08.2019 07:11 AM
USD/CAD approaching resistance, potential reversal!

Price approaching its resistance at 1.3238 where it could potentially drop to its support.

Entry: 1.3238

Why it's good : 61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback resistance

Stop Loss : 1.3287

Why it's good : 100% Fibonacci extension

Take Profit : 1.3154

Why it's good: 61.8% Fibonacci retracement, horizontal overlap support

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Dean Leo,
Analytical expert of InstaForex
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