AUDCHF Analysis. Pull back is coming!!!
Hello Everyone. I want share my idea about AUDCHF Pair.
At the pair last week AUD had pretty strong up movement which came close to daily resistance but it didn't retest, i think we have some good chance to catch this retest movement after touch to support zone. i marked 2 support zone which is 1h and 4h i think both is strong enough for continue that movement and test daily resistance. at higher timeframe for example 1W price is pretty Bearish which coming back clear, but for day traders this zone is the best for catch some profit.
I will update that idea if i will be right and make some setup which will be free signal from me.
Always manage your risk!!! Wait for Price action!!!
Be patient!!!
At the pair last week AUD had pretty strong up movement which came close to daily resistance but it didn't retest, i think we have some good chance to catch this retest movement after touch to support zone. i marked 2 support zone which is 1h and 4h i think both is strong enough for continue that movement and test daily resistance. at higher timeframe for example 1W price is pretty Bearish which coming back clear, but for day traders this zone is the best for catch some profit.
I will update that idea if i will be right and make some setup which will be free signal from me.
Always manage your risk!!! Wait for Price action!!!
Be patient!!!
Comment:
Its coming perfect.