AUDJPY testing resistance, remain bearish
Sell below 86.52. Stop loss at 86.75. Take profit at 85.63.
Reason for the trading strategy (technically):
We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
Reason for the trading strategy (technically):
We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
