Sell below 1.4515. Stop loss at 1.4555. 1st take profit at 1.4445. 2nd take profit at 1.4380.
Reason for the trading strategy (technically) :
1.4515 is a major resistance level (Fibonacci retracement + Exponential Moving Average (55) resistance + last swing high + Bearish candlestick pattern). We sell from here for a drop to 1.4445 before 1.4380.
RSI (21) is reacting off 52% resistance.
Reason for the trading strategy (technically) :
1.4515 is a major resistance level (Fibonacci retracement + Exponential Moving Average (55) resistance + last swing high + Bearish candlestick pattern). We sell from here for a drop to 1.4445 before 1.4380.
RSI (21) is reacting off 52% resistance.
Exness - EURAUD remains at strong resistance, sell now
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