empty
 
 
22.08.2017 03:42 AM
AUD/USD approaching major resistance, prepare to sell

Price has slowly creeped up towards our selling area and is starting to form a really nice reversal pattern. We prepare to sell on major resistance at 0.7964 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension, bearish divergence) for a push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing the major resistance below 95% where we expect a drop from. We also see a bearish divergence vs price signalling that a reversal is impending.

Sell below 0.7964. Set stop loss at 0.7997 and take profit at 0.7874.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback