FX:AUDCHF   Australian Dollar / Swiss Franc
HERE WE HAVE A NICE RISK/REWARD SETUP ON A SHORT TERM BIAS TO TAKE A LONG ON AUDCHF . PRICE HAS RETESTED THE STRUCTURE FOR THE THIRD TIME AT THE BOTTOM, PAST 3 CANDLES HAVE BEEN BULLISH WITH THE LAST ONE FINSIHNG STRONG IMPLYING THAT THE STRUCTURE IS RESPECTED AND A MOVE UP COULD BE IMMINENT. PRICE HAS BEEN ON AN UPTREND SINCE LAST WEEK AND LOOKS LIKE IT COULD CONTINUE. R/R OVER 4.5 TO 1 FROM THIS SETUP. COULD BE A NICE TRADE TO START THE WEEK BUT LETS SEE.

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Comments

Great analysis, banked some good profit here!
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