Long On AUD/USD BUY BUY BUY !!! (Risky)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Reasons for
-Firstly on the 4 Hour time frame we are up trending
-There is a major trend line above us so therefore i believe that is prices next level before any bearish movement
-We are making higher swings after coming down to our Trendline below price which is acting as support
-We have clearly seen a reaction from this trend line acting as support as you can see we have bounced of with a very Bullish candle !
-We also trading above major key level of 0.7000
so best thing to do on the 4 hour is to buy

Anyways like i said this trade is more risky simply because on the daily and higher time frames we are in a strong downtrend.
Until we break the trend line to the upside then i will look for long term buying setups

But i would be very careful of this setup guys as the best thing to do would be to sell
but i will be looking to sell in the near future

Also its a small stop loss of 30 pips which is extremely low risk :)

My entry 0.70555
Trade safe guys good luck
Trade closed: stop reached: Small loss of 35 pips winners always bigger then losers :)
at setup Ar - the consistency of your signals is never a dissapointment. Good work mate
Great setup Ar - the consistency of your signals is never a dissapointment. Good work mate
Great setup Ar - your signals never disappoint!
Good try! I think it will pullback and hit the back of your trendline and then it will sell... for a good way... to about 69 area. Let's get the pullback. Thanks!
+1 Reply
Maintain the idea... high possibilty to go up
+1 Reply
Shame this one hit SL. Analysis was spot on, just a shame the markets didn't cooperate.
+1 Reply
it broke the trendline though
Nice lets see if this one will be another winner thanks
+1 Reply
Good setup
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