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AUD/USD approaching the profit target, get ready to sell — Forex Stock Trade




AUD/USD approaching the profit target, get ready to sell




The price has bounced to the top of our buyers of the area perfectly yesterday and is fast approaching our profit target. We will now start to sell below the major resistance at 0.8023 (Fibonacci extension, walking down the resistance, swing high resistance, Fibonacci retracement) for a decline from there, to 0.7928 of support (Fibonacci retracement, Fibonacci extension, swing low support).

Stochastic (34,5,3), it is to see the great strength below 95%, where we expect a reaction from the other.

Sell below 0.8023. Stop loss at 0.8060. Take profit at 0.7928.



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