Hello everybody!
-On 4 hour time frame we can see that price is bouncing off support line,we can see lot of rejections on that line.On daily time frame we can see that blue resistance line that is now support,that is resistance line of ascending channel and it is very solid rejection line.
-The price is under 100 EMA so we can see if 100 EMA is going to test and reject the price,if we get rejection then we can consider 100 EMA as some kind of resistance .
-On 4 hour base GBP and AUD are on similar level while on daily base GBP is weaker than AUD.
-I recommend to wait and see which pair will gain more power and take control.
-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 is bouncing off support line,we can see lot of rejections on that line.On daily time frame we can see that blue resistance line that is now support,that is resistance line of ascending channel and it is very solid rejection line.
-The price is under 100 EMA so we can see if 100 EMA is going to test and reject the price,if we get rejection then we can consider 100 EMA as some kind of resistance .
-On 4 hour base GBP and AUD are on similar level while on daily base GBP is weaker than AUD.
-I recommend to wait and see which pair will gain more power and take control.
-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
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.