empty
 
 
20.09.2017 03:32 AM
AUD/USD approaching profit target, prepare to sell

Price has bounced above our buying area perfectly yesterday and is fast approaching our profit target. We now start to sell below major resistance at 0.8023 (Fibonacci extension, descending resistance, swing high resistance, Fibonacci retracement) for a drop from here towards 0.7928 support (Fibonacci retracement, Fibonacci extension, swing low support).

Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from.

Sell below 0.8023. Stop loss at 0.8060. Take profit at 0.7928.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback