FX.co - AUDUSD rejected right below descending trendline resistance. Further push down expected!

2020-04-22T03:01:14

Long-term review

Trading Recommendation

Entry: 0.63470

Reason for Entry: 61.8% Fibonacci retracement, descending trendline resistance

Take Profit : 0.62092

Reason for Take Profit: -61.8% , -27% and 61.8% Fibonacci retracement

Stop Loss: 0.64095

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 rejected right below descending trendline resistance. Further push down expected!