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theforexarmy
Feb 14, 2017 9:05 AM

AUDJPY below strong resistance, turn bearish 做空

Australian Dollar/Japanese YenFXCM

描述

Sell below 87.05. Stop loss at 87.56. Take profit at 86.076.
Reason for the trading strategy (technically):
We are bearish below 87.05 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to 86.07 support (Fibonacci retracement).
Stochastic (21,5,3) is seeing a nice reaction from the 95% level.
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