Hi, my name is Shooter_Forex.
#AUDCHF Trend increased, the signal of H1 (demand zone H1) + Demand zone H4 appeared.
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal)
This has just hit TP on previous posts for this pair. Now looking for this to retrace and possible re-entry for shorts. Fibonacci obviously depends where this current downward move ends but currently 0.382 aligns with previous structure so this makes sense to be the area this could retrace to. Then need to see bounce from this resistance lower.
Good chance to short this from current price. It looks to have broken support and is retesting it, expect to drop from this retest. MACD and EMA's have this still bearish after initial rejection of the breakout. Target is next support at 1.4233
- series of higher highs and higher lows
- price currently at the 61.8 fib level, anticipating bullish move
- price respecting dynamic/trending support as well as 50 EMA, expecting next bounce
1:5RR let's see how it develops🔥⏳