Sell at 1.0625. Stop loss at 1.0665. Take profit at 1.0545 and 1.0400.
Reason for the trading strategy (technically) :
We remain bearish as 1.0625 is a major resistance (graphical resistance + Fibonacci resistance + Bollinger band resistance) which we sell from. We are still expecting a drop from here.
Stochastics (21,5,3) is also turning down signalling a bearish move.
Reason for the trading strategy (technically) :
We remain bearish as 1.0625 is a major resistance (graphical resistance + Fibonacci resistance + Bollinger band resistance) which we sell from. We are still expecting a drop from here.
Stochastics (21,5,3) is also turning down signalling a bearish move.
Exness - AUDNZD remains bearish below major resistance
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