Hello everyone!
-On a 4-hour chart we can see that the price formed a nice double top pattern and that is a very good reversal signal.
-We can see that the price is moving in the uptrend but now the bears gained some power so we can expect that the price is going to keep falling until it reaches the support area.
-We can also see that the price broke the previous support line and we can see a very strong bearish candle that is forming right now.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-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.
-On a 4-hour chart we can see that the price formed a nice double top pattern and that is a very good reversal signal.
-We can see that the price is moving in the uptrend but now the bears gained some power so we can expect that the price is going to keep falling until it reaches the support area.
-We can also see that the price broke the previous support line and we can see a very strong bearish candle that is forming right now.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-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.