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Monday, May 23, 2022

GBP/AUD Analysis : GBP/AUD Starts to move up from bottom zone
1 mins well spent

GBP/AUD Analysis : 

In Daily Chart, GBP/AUD starts to move up from the bottom zone in Uptrendline.

In H4 Chart, GBP/AUD broken the top zone of the downtrend range.

GBP/AUD broken the top and moving in an Downtrend Channel
GBP/AUD Downtrend Channel

ForexGDP Education Notes : 

Uptrend = Higher Highs and Higher Lows

Downtrend = Lower Highs and Lower Lows

In Above analysis, GBP/AUD contains both uptrend and downtrend in different timeframes.

Please check both D1,H4 Charts of GBP/AUD carefully and find out which trend is stronger here? Uptrend or Downtrend?

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