AUDUSD reacting below long term descending trendline. Drop imminent!

Trading Recommendation

Entry: 0.59111

Reason for Entry: Moving average resistance, Descending trendline resistance

Take Profit : 0.56649

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 0.59649

Reason for Stop loss: 38.2% Fibonacci retracement, horizontal swing high