AUDNZD Reversed Off Resistance, Prepare For Further Drop!
Sell below 1.0915.
Stop loss at 1.0944.
Take profit at 1.0857.
Reason for the trading strategy (technically):
AUDNZD reversed off its resistance at 1.0915 (61.8% Fibonacci extension, 76.4% & 50% & 50% Fibonacci retracement) where it is expected to drop further to its support at 1.0857 (100% Fibonacci extension, horizontal swing low support).
Stochastic (34, 5, 3) reversed off its resistance at 89% where a corresponding drop is expected.
Stop loss at 1.0944.
Take profit at 1.0857.
Reason for the trading strategy (technically):
AUDNZD reversed off its resistance at 1.0915 (61.8% Fibonacci extension, 76.4% & 50% & 50% Fibonacci retracement) where it is expected to drop further to its support at 1.0857 (100% Fibonacci extension, horizontal swing low support).
Stochastic (34, 5, 3) reversed off its resistance at 89% where a corresponding drop is expected.