FX.co - AUDUSD testing descending trendline resistance! Drop incoming!

2020-05-19T04:15:05

Long-term review

Trading Recommendation

Entry: 0.65156

Reason for Entry: 23.6% Fibonacci retracement.

Take Profit : 0.64734

Reason for Take Profit: Graphical overlap, 50% Fibonacci retracement

Stop Loss: 0.65509

Reason for Stop loss: Descending trendline resistance

*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 testing descending trendline resistance! Drop incoming!