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blakerewiribrown96
Sep 9, 2021 6:56 AM

GA 9/9/21 Short

British Pound/Australian DollarFXCM

Description

Daily - price Closed above level of S/R, price also
engulfed the previous 4 days showing that there
is still a lot of buyers, dont like how price rejected
the 50SMA respecting it as a form of resistance

4 hour - price has come to a level of support and
resistance where sellers have held before and
price is currently rejecting it again price is also
rejecting the 50SMA as a level of resistance
could see a retracement back into broken
resistance to see if price cand hold as a level of
support

1 hour - Price seems to be shifting in momentum
the bullish candles seem to be slowing down in
momentum resistance looks to be holding

15min - if price breaks and retest minor level of
S/R could be looking at taking shorts into
desired area before looking to take longs again
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