FX.co - AUDUSD reacting below long term descending trendline. Drop imminent!

2020-03-20T09:29:45

Long-term review

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

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

Analytical expert

Dean Leo

FX.co ★ AUDUSD reacting below long term descending trendline. Drop imminent!