Sell below 1.0740. Stop Loss at 1.0825. Take profit at 1.0630.
Reason for the trading strategy (technically) :
We remain bearish below 1.0740 major resistance (horizontal resistance + Fibonacci projection) for a new drop to 1.0630 (graphical support + Fibonacci retracement)
Stochastics (34,5,3) has turned down strongly from 94% resistance and has crossed below 50% showing a bearish move is in progress.
Reason for the trading strategy (technically) :
We remain bearish below 1.0740 major resistance (horizontal resistance + Fibonacci projection) for a new drop to 1.0630 (graphical support + Fibonacci retracement)
Stochastics (34,5,3) has turned down strongly from 94% resistance and has crossed below 50% showing a bearish move is in progress.
Exness - AUDNZD drop in progress, remain bearish
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