MEX_Exchange

AUDUSD testing strong resistance, prepare to sell

Penjualan
FX:AUDUSD   Dollar Australia / Dollar AS
Sell below 0.7891. Stop loss at 0.7955. Take profit at 0.7789.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7891 (Multiple Fibonacci retracement, bearish price action) and we expect to see a strong drop from this level to push price down to at least 0.7789 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a reaction from.
Pernyataan Penyangkalan

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