majdoub.khalid

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Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 50% | 1 AUDUSD 50% | 1
majdoub.khalid majdoub.khalid AUDUSD, 60,
AUDUSD: AUD/USD trend reversal and new support
61 0 2
AUDUSD, 60
AUD/USD trend reversal and new support

At this point of this market, we violated the previous structure.That mean a potential new powerful support and many relative big jumps over it, profitable for long and short traders.But in the long term, in my humble opinion, the Aud/usd is witnessing a trend reversal and is entering in a series of jumps over a new support.

majdoub.khalid majdoub.khalid EURUSD, 60,
EURUSD: Structure analysis
61 0 1
EURUSD, 60
Structure analysis

If the market violate the structure and go don the red trend line it may test the very hard blue line support and then pull back to the trend line.If the market fails to break the structure it may be a very good chance to enter long hopping for an other retest of the trend line support. Eventually we have to keep an eye on the potential cypher pattern formation.

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