Hello everyone, I want to share this with you!
-On a 4-hour time frame, we can see that the price is moving between support and resistance area and we can see that price yellow support/resistance line and we can clearly see that the price broke that line and the price retested that line and continued moving in a bearish direction and on 1-hour time frame we can see that price tested that line few times and the price rejected and continued moving in bearish direction.
-I expect retest on a support area(lower blue area) and then we can see will the price make pullback or will it break that area.
-On a daily base, EUR is stronger than AUD and on a weekly base, EUR is still a little bit stronger than AUD. If EUR remains stronger than AUD we can expect bullish movement and if AUD gains some power and EUR loses its power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the 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
advice.
-On a 4-hour time frame, we can see that the price is moving between support and resistance area and we can see that price yellow support/resistance line and we can clearly see that the price broke that line and the price retested that line and continued moving in a bearish direction and on 1-hour time frame we can see that price tested that line few times and the price rejected and continued moving in bearish direction.
-I expect retest on a support area(lower blue area) and then we can see will the price make pullback or will it break that area.
-On a daily base, EUR is stronger than AUD and on a weekly base, EUR is still a little bit stronger than AUD. If EUR remains stronger than AUD we can expect bullish movement and if AUD gains some power and EUR loses its power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the 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
advice.
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.
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.