AUDUSD approaching major resistance, prepare to sell

Sell below 0.7454. Stop loss at 0.7476. Take profit at 0.7397. Reason for the trading strategy (technically): We prepare to sell below 0.7454 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) for a drop towards 0.7397 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is […] Read more ยป