AUDUSD holding below descending trendline resistance! Drop incoming! | Market Analysis
 

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AUDUSD holding below descending trendline resistance! Drop incoming!
00:15 2020-07-24 UTC--4

Trading Recommendation

Entry: 0.71359

Reason for Entry: Descending trendline resistance

Take Profit: 0.70914

Reason for Take Profit: Recent graphical swing low

Stop Loss: 0.71613

Reason for Stop Loss: Recent swing high

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.