FX.co - AUDUSD Showing head and shoulders! Drop incoming!

2020-07-16T02:05:11

Long-term review

Trading Recommendation

Entry: 0.69950

Reason for Entry: Head and shoulders neckline, Moving average resistance

Take Profit: 0.69653

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 0.70146

Reason for Stop Loss: Ascending 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 Showing head and shoulders! Drop incoming!