now we can see In 1 hr time frame , I have noticed since yesterday is forming uptrend . Before the big break on Resistance uptrend zone - I truly believe the price will play a bit on this canal ( see the blue lines of uptrend ).
The last hours I observed small downtrend is forming inside to the uptrend .
My explanation on that is probably the price will decline...
In 1 hr time frame , I have noticed since yesterday is forming uptrend . Before the big break on Resistance uptrend zone - I truly believe the price will play a bit on this canal ( see the blue lines of uptrend ).
The last hours I observed small downtrend is forming inside to the uptrend .
My explanation on that is probably the price will decline today further up...
We can seeb on daily timeframe the price confirmed a breakout on the trend line and also the daily support formed by bearish flag created. Expecting a continuation in the bearish retracement towards the highlighted key zone.
AUDUSD is looking like it will continue to sell.
It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA.
- MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation.
-STOCH is below 50, facing down and the orange line is above the blue. These are also bearish...
🔹 Higher Timeframe (H4 and above) analysis indicates a bullish trend for GBP/USD. This suggests that the overall momentum is favoring the upside.
- SL raid followed by market structure shift aligning to Bullish overall trend
- Demand zone inside discount area with liquidity to take
Goodluck and God bless you!
