Hello Trader, Here is the full analysis of AUDHKD:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of crab one can look for short.
Technical Indicators
EM200 - above 200 ema
RSI (14) - 66
ATR - high volatility
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1) Like my idea.
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1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of crab one can look for short.
Technical Indicators
EM200 - above 200 ema
RSI (14) - 66
ATR - high volatility
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis