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VagabondTrader

Break and Retest of Daily Structure Levels

Long
Australian Dollar / Swiss Franc (FX:AUDCHF)  
VagabondTrader Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Chart Patterns Forex forextrading dailychart dailyanalysis
2
0
trendanalysis chartpattern forex forextrading dailychart dailyanalysis
Daily price action has shown Bullish momentum as it broke above previous structure level at $0.67500 and the down trend line, which price has been respecting since April of this year.

Here's what I'm looking for !

Ideal situation would be for Daily price action come back to retest the 50 EMA, which would also align with a retest of the support line at $0.6750

Comment:
Price moving down the our target as expected. No trades in yet. Waiting for nice bounce off of the 0.67500 zone.
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