FX.co - GBPAUD broke below ascending trendline support! Further drop expected!

2020-07-23T02:06:57

Long-term review

Trading Recommendation

Entry: 1.78812

Reason for Entry: 50% Fibonacci retracement

Take Profit: 1.76956

Reason for Take Profit: Recent graphical swing low

Stop Loss: 1.79299

Reason for Stop Loss: 61.8% Fibonacci retracement, Ascending trendline resistance, moving average 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 ★ GBPAUD broke below ascending trendline support! Further drop expected!