GBP AUD SHORT BIAS TO 1.80559
REASONS:
-Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish
-Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000
-Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the candles
-Daily Timeframe Candlesticks show that price created a lower low , breaking the uptrend it was in
-4HR Timeframe shows that price retraced to the 38.2% level and that retracement was also at an area that was previously a strong support , now strong resistance. (1.81555)
-Lower Timeframe correlates with higher timeframes
My Purpose:
I am executing projections and trades that create generational wealth for myself and others.
Sidenote:
Always optimize. Your phones and PS4s update themselves , make sure you do that with your life!
Learning & Applying PRICE ACTION is key. Learning & Applying PSYCHOLOGY is the lock on the door !
-Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish
-Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000
-Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the candles
-Daily Timeframe Candlesticks show that price created a lower low , breaking the uptrend it was in
-4HR Timeframe shows that price retraced to the 38.2% level and that retracement was also at an area that was previously a strong support , now strong resistance. (1.81555)
-Lower Timeframe correlates with higher timeframes
My Purpose:
I am executing projections and trades that create generational wealth for myself and others.
Sidenote:
Always optimize. Your phones and PS4s update themselves , make sure you do that with your life!
Learning & Applying PRICE ACTION is key. Learning & Applying PSYCHOLOGY is the lock on the door !