FX.co - AUDUSD further rise towards descending trendline resistance expected!

2020-05-18T02:01:40

Long-term review

Trading Recommendation

Entry: 0.64248

Reason for Entry: 50% Fibonacci retracement.

Take Profit : 0.64734

Reason for Take Profit: descending trendline resistance, 100% Fibonacci extension

Stop Loss: 0.64023

Reason for Stop loss: Graphical swing low

*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 further rise towards descending trendline resistance expected!