AUDJPY reversing from 1st resistance, further drop expected!
Description :
AUDJPY reversing from 1st resistance where the horizontal swing high ,78.6% fib retracement and 78.6% fib extension are. Stochastics also show that price is reaching resistance.
Trading Recommendation
Entry: 75.867
Reason for Entry:
horizontal swing high ,78% fib retracement and 78.6% fib extension
Take Profit: 75.296
Reason for Take Profit:
61.8% fib retracement
Stop Loss: 76.416
Reason for Stop Loss:
127% fib retracement