AbdullahAljohani

AbdullahAljohani

price tend to reflect back to up from this area, could it repeat that again?

AbdullahAljohani

in case the price goes out of the box to the down side, i expect to get easy 50 pips out of that since the 200MA for the four hours chart is somewhere near .9290

AbdullahAljohani

support turned to resistance, if it holds we could go short.

AbdullahAljohani

break of both MA's

AbdullahAljohani

going with the trend

AbdullahAljohani

if 1.4640 could hold the price down .. we can expect the price to target 1.4300

AbdullahAljohani

up trend has been broken which give us a sell opportunity

AbdullahAljohani

what do you think?

AbdullahAljohani

on larger frames, AUDUSD has a bearish sign. So we have a good opportunity with low risk if we entered either from 38 fibo level or if the up trend has been broken.

AbdullahAljohani

270~ pips S: 1.0920 R: 1.1270 the price closed above a very strong support, trend respected this support and bounced from it more than 4 times! Before that it was a great resistant, price touched the line for three times before breaking it. it's just the most powerful line i ever known

AbdullahAljohani

could it be a flag?

AbdullahAljohani

good set-up for a buy with the trend, i'm waiting for a Stoch confirmation

AbdullahAljohani

bearish sign, low risk and big point

AbdullahAljohani

despite all the indicators which shows a sell signal, we are still in buy zone !

AbdullahAljohani

short

AbdullahAljohani

entry: 1.1310 S/L: 1317 T/p: ~1260

AbdullahAljohani

RISKY

AbdullahAljohani

entry: 1.1310 S/L: 1317 T/p: ~1260