USD/CAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support) is expected.

Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. USD/CAD is testing its resistance where we expect to see a reversal.

Sell below 1.3115. Stop loss at 1.3143. Take profit at 1.3064.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency

babypips currency daytrader financialfreedom forex forexcourse forexdaily forexentourage forexfactory forexfamily forexgroup forexhelp forexlife forexmoney forexscalping forexsignals forexsigns forextrade forextrader forextrading fx orexhelptrading scalper swingtrader theforexarmy
Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group