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AUDUSD testing strong resistance, sell one last time

FX:AUDUSD   Dolar Australia/Dolar U.S
Sell below 0.7824. Stop loss at 0.7902. Take profit at 0.7696.
Reason for the trading strategy (technically):
Price is now testing strong resistance at 0.7824 ( Fibonacci retracement , horizontal overlap resistance, Fibonacci extension ) and a strong drop could occur at this level to push price down to at least 0.7696 support ( Fibonacci retracement , horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance at 98% where a corresponding drop could occur from and also sees bearish divergence vs price signalling that a reversal is impending.
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Nice Review Sir..I Got Profit With Ur..Technical View...
Balas
Broke resistance is best to close sell order?
Balas
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