AUDUSD approaching resistance, potential drop!

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AUDUSD is approaching our first resistance at 0.7810 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 0.7738 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement).

Stochastic (21,5,3) is also approaching our major resistance and descending resistance line and a reaction off this level might be a good precursor for a potential drop in price.

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أغلقت الصفقة: تم الوصول للهدف

Wohooo! dropped so perfectly to our major support!! Did you guys manage to get on this one?