AUDUSD: Price at major resistance area, time to sell
Sell below 0.7570. Stop loss at 0.7630. Take profit at 0.7360.
Reason for the trading strategy:
We see major resistance from the 0.7570 area. The goal is to sell below these levels for a push down to 0.7360 which is our first major support.
Stochastic (21,5,3) also sees major resistance at the 90% level where we expect a reaction from.
Reason for the trading strategy:
We see major resistance from the 0.7570 area. The goal is to sell below these levels for a push down to 0.7360 which is our first major support.
Stochastic (21,5,3) also sees major resistance at the 90% level where we expect a reaction from.
