GBP/AUD-Daily analysis
Hello everybody!
-On this pair we can see that price broke the ascending channel's resistance line before almost 10 days,price was moving in bullish direction and now price went back down to retest.
-We can expect 2 options to happen;
1.Price will test new support line and bounce off in bullish direction.
2.The breakdown will happen and the price will keep pushing in bearish momentum.
-On lower time frames we can see lot of rejections on support level but GBP is weaker than AUD so price may keep pushing down,...
-I will wait for more conformations to decide what to do.
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 Advise.
-On this pair we can see that price broke the ascending channel's resistance line before almost 10 days,price was moving in bullish direction and now price went back down to retest.
-We can expect 2 options to happen;
1.Price will test new support line and bounce off in bullish direction.
2.The breakdown will happen and the price will keep pushing in bearish momentum.
-On lower time frames we can see lot of rejections on support level but GBP is weaker than AUD so price may keep pushing down,...
-I will wait for more conformations to decide what to do.
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 Advise.
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.