AUD/USD approaching major resistance, prepare to sell
November 28, 2016 11:23 am
Price is approaching a major area of resistance at 0.7487 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect a reaction from this level for a drop to 0.7311.
RSI (34) is on pullback resistance where we expect a drop from.
Sell below 0.7487. Stop loss at 0.7590. Take profit at 0.7311.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is approaching a major area of resistance at 0.7487 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect a reaction from this level for a drop to 0.7311.
RSI (34) is on pullback resistance where we expect a drop from.
Sell below 0.7487. Stop loss at 0.7590. Take profit at 0.7311.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: