Hello everyone,I want to share this with you!
-On 4 hour time frame we can see that price formed nice head and shoulders pattern and we can see that the price retested few times support line(neck line).
-Head and shoulders is bearish pattern so that means that price may continue in bearish direction but if we have more rejections from that support line we may expect bullish movement.
-On daily base we can see that AUD is stronger than GBP,AUD is at 88 level while GBP is at 59...If AUD remains stronger we can expect bearish movement and if GBP gain some power and AUD lose some power we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial
-On 4 hour time frame we can see that price formed nice head and shoulders pattern and we can see that the price retested few times support line(neck line).
-Head and shoulders is bearish pattern so that means that price may continue in bearish direction but if we have more rejections from that support line we may expect bullish movement.
-On daily base we can see that AUD is stronger than GBP,AUD is at 88 level while GBP is at 59...If AUD remains stronger we can expect bearish movement and if GBP gain some power and AUD lose some power we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial
Note
The price is moving in strong bullish direction!Note
The price is sitting around 1.9315-1.9320Not so strong movement right now.
Note
Price is moving strong bearish!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.