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MEX_Exchange
21 ago 2017 02:26

AUDUSD profit target once again been reached, prepare to sell Short

Australian Dollar/U.S. DollarFXCM

Descrizione

Sell below 0.7964. Stop loss at 0.7997. Take profit at 0.7874.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 0.7964 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) for a push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance below 95% where we expect a drop from.

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