AUDUSD approaching major resistance, prepare for a drop!

FX:AUDUSD   Australian Dollar / U.S. Dollar
Sell below 0.8036. Stop loss at 0.8126. Take profit at 0.7894.
Reason for the trading strategy (technically):
Price is testing major ascending support and only a break of key support level at 0.8036 ( Fibonacci retracement , horizontal overlap support, ascending support, bearish divergence) would trigger a big drop down to 0.7894 support ( Fibonacci retracement ).
RSI (34) is seeing strong support above 46% and also sees bearish divergence vs price signalling that a reversal is impending.
is it retesting of fake breaking out? The market seems not wanting to stop going up...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out