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.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.