27.03.202005:24 AUDJPY testing descending trendline resistance! Further drop expected!

Long-term review

Exchange Rates 27.03.2020 analysis

Trading Recommendation

Entry: 66.634

Reason for Entry: Descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 64.170

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 67.744

Reason for Stop loss: 88% Fibonacci retracement, Graphical swing high

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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