mvnl_morawatta

mvnl_morawatta

Trend - bearish TP - 0.719 SL - 0.7305

mvnl_morawatta

Trend - Bearish Entry price - 1.288 Stop loss - 1.292 Take profit - 1.282

mvnl_morawatta

Currently we are facing a strong resistance at 0.6566. The decision to go either long or short is highly risky at this point. We must wait until the market break above or below 0.6566 resistance level to consider possible long or short opportunities.

mvnl_morawatta

From August 2011 AUDUSD shows an bearish momentum. Above is the 4h chart. The key area to be considered is the consolidation of price between 0.70959 to 0.70554. If the market breaks that consolidated area above 0.70959 there is a high probability of market moving upwards to 0.71450. Market may also move downwards if it breaks the 0.70554 range. price could...

mvnl_morawatta

Enter at 1.31777 Target profit 1.31576 Stop Loss. 1.31959