AUDUSD testing descending trendline resistance! Drop incoming!

analytics5ec35d16bc07b.jpg

Trading Recommendation

Entry: 0.65156

Reason for Entry: 23.6% Fibonacci retracement.

Take Profit : 0.64734

Reason for Take Profit: Graphical overlap, 50% Fibonacci retracement

Stop Loss: 0.65509

Reason for Stop loss: Descending trendline resistance

The material has been provided by InstaForex Company - www.instaforex.com