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BLUE43
2017年3月17日下午3點13分

GBPAUD Back to the support - another leg up ? 

British Pound/Australian DollarFXCM

描述

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評論

price pullback and try to go up of this support / resistance level
評論
TweetFx
good sharing
iorek65
Possibly! Looks like an inverted head and shoulders pattern. That spring is off a multi-pivot line that stretches back to 2016. Could be a price spring -- I hold no assumptions about it because it isn't a setup I've researched or am trading :)

Cheers
BLUE43
@iorek65, on 12h tf look like a Morning S pat
iorek65
@BLUE43, Indeed -- Morning or Evening? I believe Evening stars are generally associated with the doji found at the base/support levels.

If it's a buy, it's probably a decent context. Reversal candle and geometric patterns tend to do something based on where they are and background. So this pattern found at an all time high could be interpreted very differently from being found at Weekly/multi year lows.

Nonetheless, trends can prevail and defy expectations -- everything works, and everything fails! :)
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