Recap from last week...
- If you look at Daily, candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet
- Its likely to Consolidate before breaking to continue to upside or break downward
- One thing about GBPAUD and GBPNZD, when in consolidation, it likes to fake a break-out so be watchful
- Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits
- Will be updating once the market opens
Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***
- If you look at Daily, candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet
- Its likely to Consolidate before breaking to continue to upside or break downward
- One thing about GBPAUD and GBPNZD, when in consolidation, it likes to fake a break-out so be watchful
- Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits
- Will be updating once the market opens
Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***
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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.
Related publications
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.