FX:AUDUSD   Australian Dollar / U.S. Dollar
483 5 8
My idea is the opposite of my idea :))
If we assume that the price will go up and will draw a new upward trend,then it is supposed to find a reversal pattern at the end of the last down trend which still making LH and LL without a change in the order and And this is what prevents the appearance of a reversal pattern So I suggested 2 scenarios :

1 - falling the price form the resistance level to make a new HL and then the right shoulder of H&S pattern

2- Break the resistance and the formation of the first impulsive wave , and the second corrective wave will be at the previous resistance level to retest and become a new support level

so i think that the entry now i safe cause if we take into account the first scenario, we will be winners from the first moment ... in the other case Will not lose much because the price will return to retest the resistance
Perhaps you should write a book on trading with your charts in it. It would be a bestseller. You wouldn't have any problem getting your message through. Or maybe you have already written one?
No comment to this chart. Both scenarios are clear and justified.
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Nizar what do you think of this idea As I am expecting AUDUSD rally to stop between 9120-9170 and will resume its downward trend to multi year support around 85.
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YES kamukak that is exactly what i thought and what i drew on AUDUSD chart (long-term) , nice work , we have the same idea, waiting for the market reaction ...
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It is well thought. I would suggest the following tactics: Sell now waiting for the building of the right shoulder. Then buy twice as much to go long. Stopp loss above the resistance level or waiting for the retest of the resistance level to increase the position by buying the double amount.
In both cases you will be long in time and maintain the chance to profit from a downward correction first.
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motleifaul motleifaul
This could be the entry now:
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