Hi All,
For this week Trading we are looking at going long on AUDCHF using the D1 and H4 Timeframe, we can see double bottom on D1, and HL formation to retest the previous HH. H4 Bullish pennant forming.
Entry, Sl and TP marked.
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After price retested our supply zone a bit, it preceded to break it signaling that we've now moved from possible bearish to confirmed bullish sentiment. An imbalance was left behind with a clean POI that price could potentially buy from to continue buying to the upside.
After price broke our previous supply, it left behind an imbalance that is to be filled. With the help of liquidity that has been formed above our POI, price could look to bounce off our POI to seek liquidity lying at the top of the range that has been formed.
as we can see currency strenght AUD is relatively stronger than CHF so chances to goeing up are high what do u think guys about this move let me know down below in comments splease. Like would be appreciated.
Hi All,
over the best 3 weeks i have bought and sold this pair inside the range . As you can see the demand for CHF is still high , hence why the price is stuck within the range . On the downside , if the AUD economy and reports don't go awol , we should be limited to any further downward movement.
On this bias i'm opening another buy for this week
Many Thanks.
Hi All ,
I will be looking at opening a buy from 0.70500 with a target of 0.71-72-73 .
SL 0.69654
I will be looking at a more aggressive entry from Now & add to more position on every dip. Take into account Auz news in few hours. So trade will be monitored.
Many Thanks.
