FX.co - AUDUSD broke below long term ascending trendline. Further drop now expected!

2020-04-15T06:56:17

Long-term review

Trading Recommendation

Entry: 0.64029

Reason for Entry: -27.2% Fibonacci retracement, moving average and ascending trendline resistance

Take Profit : 0.63022

Reason for Take Profit: 38.2% Fibonacci extension

Stop Loss: 0.64324

Reason for Stop loss: Graphical 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 broke below long term ascending trendline. Further drop now expected!