AUD/USD-4 Hour overview

26 พ.ย. 2020

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!

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-WHAT DO YOU THINK ABOUT THIS SETUP?
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-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.