Price has broken the MA and is heading downward, expect price would have small correction pullback when it reaches the support levels in green, thinker the support lines stronger the rebound.
Sell the trade whenever the correction has complete confirm by turning support level into resist level by price break downward with closing 4 hour candle. entries can be on the line of S/R levels or with 15min engulfing candle to confirm the direction its moving to.
Sell the trade whenever the correction has complete confirm by turning support level into resist level by price break downward with closing 4 hour candle. entries can be on the line of S/R levels or with 15min engulfing candle to confirm the direction its moving to.
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My Long Term Forecast of this trade since 1 year ago.
AUD/USD - Year - Direction Forecast Since Sept. 2015
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AUD/USD - Year - Direction Forecast Since Sept. 2015
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AUD/USD - 07 to 11 Mar. 2016
4 hour Chart of S/R Trading Strategy
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