Dania_Abuajaj

Dania_Abuajaj

Prices are close to an importante support level ( daily support), after that we will see a bullish trend, before openening any operation, we should have many candles that form a clear inversion pattern, the stochastic should get in and get out overbought zone.

Dania_Abuajaj

prices are moving inside a channel, the body of candlesticks is too short to have bullish movement, the maximum moving is to reach the top of channel and then falling to TP 1, also prices broke the descending triangle and retested.

Dania_Abuajaj

- Retest happend - select the 1 TP - open trade let's watch what will happen to the trade, usually i don't open any trades at this hour but i saw a little clear Opportunity.

Dania_Abuajaj

SHORT

Dania_Abuajaj

...

Dania_Abuajaj

It's evident

Dania_Abuajaj

..

Dania_Abuajaj

Aud/usd

Dania_Abuajaj

My analysis..

Dania_Abuajaj

Back again with new analysis, Prices inside the channel based on daily TF are going up once they hit the resistance level i'll go short but before the prices arrive we can enter a long position /b] So wait for: 1) The breakout of green trend of 4H. 2) Retest gonna be on 1H. 3) Enter long when the trend of the 1H is broke too. That's it !

Dania_Abuajaj

After the price break the support level of the Symmetrical Triangle ,the price retested going back to the ex-support level and continued the bearish movement , what i look into now is a congestion price range before go on the bearish movement , and the stocastico still in overbought and its about to cross and getting out of the overbought zone,another confirmation...

Dania_Abuajaj

AFTER HITTING THE FIRST STOP I PLANNED FOT IT FEW DAY AGO, THE PRICE WILL TAKE A REST AFTER ACHIVINGE THE RESISTENCE LEVEL ,IT WILL RETEST THE RESISTENCE LEVEL GOING DOWN AND THEN TAKING BACK THE BULLISH DIRECTION. THIS MY ANALYSIS JUST TO IMPROVE SKILL FOR MY SELF SO PLEASE DON'T TAKE AS A POSITION TO TRADE