19.08.201906:29 AUD/USD approaching resistance, potential reversal

Exchange Rates 19.08.2019 analysis

Price is approaching its resistance where a reversal is expected.

Entry: 0.6798

Why it's good : 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 0.6835

Why it's good : 38.2% Fibonacci retracement

Take Profit : 0.6759

Why it's good: 61.8% Fibonacci retracement

Exchange Rates 19.08.2019 analysis

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

Uitgevoerd door Dean Leo,
Analytische expert
InstaForex Group © 2007-2020
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