MEX_Exchange
Singkat

AUDUSD approaching major resistance, prepare to sell!

FX:AUDUSD   Dolar Australia/Dolar U.S
Sell below 0.7739. Stop loss at 0.7821. Take profit at 0.7580.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.7739 ( Fibonacci retracement , horizontal pullback resistance) and we expect a strong reaction off this level to push price down to at least 0.7580 support ( Fibonacci retracement , horizontal breakout support level ).
Stochastic (34,3,1) is seeing major resistance below 98% and we expect a strong reaction off this level.
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Well this one f******d up.
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