AUD/USD-4 Hour overview
Hello everyone!
-On a 4-hour chart, we can see that the price reached the top of the ascending channel and we can see that the price tested and rejected resistance multiple times with bearish engulfing and with few Doji candles.
-We can see that the bulls are losing their momentum it that is and that is reflected in a Doji candles.
-I expect that the bears are going to gain some power in this zone or that the bull might get some power to break that resistance line!
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the 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 Financial advice.
-On a 4-hour chart, we can see that the price reached the top of the ascending channel and we can see that the price tested and rejected resistance multiple times with bearish engulfing and with few Doji candles.
-We can see that the bulls are losing their momentum it that is and that is reflected in a Doji candles.
-I expect that the bears are going to gain some power in this zone or that the bull might get some power to break that resistance line!
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the 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 Financial advice.
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