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Ahmedmesbah

#AUDUSD [MNC] Are we retesting a breakout zone?!OANDA:AUDUSD I see #AUDUSD as an important pair at the moment as it is retesting a significant breakout zone, price went down to retest 2 vital points. the breakout zone and the big monthly demand zone @ 0.68470 When i see similar breakouts i pay much attention to the price where it should fade. in this situation i can see a retest of the demand as well which adds a lot of credit to the LONG theory. I will be going long this pair as the risk is limited to the expected reward. Setup is cancelled if price would sink below 0.68230 Important note to mention that Speculators have cut 15k shorts compared to the week before. From 79,312 longs on 7th January till 64,318 long contracts on 14th January! Trade it on your own risk. #AHMEDMESBAH
Long
by AhmedMesbah
#USDJPY [MNC] Will the Japanese Yen make a counter move today?!OANDA:USDJPY #USDJPY has rallied since the beginning of January accelerating the upward move that started last September 2019. The rejection to go lower was off the 90 EMA on monthly and has been grinding upwards ever since. Price now has reached cross roads where it is about to touch the massive downtrend line that extends from June 2015 and been touched and respected for 4 times. Will the 5th touch succeed to send USDJPY lower? especially price is now meeting a monthly supply ranges between 109.680 and 112.360. We have the BOJ rate decision today which is anticipated to remain the same on -0.1% but will the BOJ surprise us tonight? in my view the catalyst is there and we will trade it in both scenarios, to breakout to the the upside thus the first goal would be around 111.00 or retrace back.
by AhmedMesbah
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