I was looking at JPYAUD which seems to show us a pattern of shoulders, head, shoulders. Also, the price has formed a bearish channel of lower highs and lows. The price has been able to break the resistance of the low highs and now it seems that it is going to offer us the pullback so that we can go long. Do you think that the price will respect the support of 0.013036 and will turn to the upside? I'm going to wait for the price to be able to reach that support to go long. And you, what are you going to do?.
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do.
So let's see what happens.
Maria
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do.
So let's see what happens.
Maria
Note
DXY exhibits a similar behavior. In case you want to take a look at it.
MGRAELBA
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.
MGRAELBA
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.