Pin bar on resistance line
GBP/AUD is planing to resume its bearish trend rally after 4 days of bull trend.
Note
1D Chart :If today bar close as a classic bearish pinbar then tomorrow will probably be a bearish bar day.
the candlestick were not able to hold and close above the 20 EMA, which means we have more seller then buyers.
4H Chart:
price must close below the neckline. the retest it for confirmation.
Note
broke below the neckline time to sell after retest of the neck line and the EMA
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.