magdyabdelaal

magdyabdelaal

we can see a pinbar on audusd in a previous resistance area. we also see that the price has started to form a lower lows after a few higher lows and if the current top formed well, then we will got a nice lower high to support our stop its a nice trade with acceptable ratio

magdyabdelaal

we have convergence of trend line, support line, harmonic pattern compilation potential, 1.61 fib of the last correction

magdyabdelaal

audusd

magdyabdelaal

sell now

magdyabdelaal

on the monthly and weakly charts we can see a good resistance area with a nice candles patterns which is make me prefer to short once we break the daily trend, but now on the hourly we see a triangle and i think it will be broken from the down side to continue with the daily trend break short at : 0.7962 SL:0.7987 T1:0.7924 T2:0.7836

magdyabdelaal

i think we will still in this triangle for a while, so we have a long trade with a nice ratio