Hello ladies & gentleman, I wanted to show my perspective on AUDCHF.
I see only two possible scenarios with what we have right now,
The 1st, price either decides to make one more bearish impulse and then correct in a bigger structure.
Or the 2nd, price decides to start correcting as soon as market opens, giving us a bigger structure.
In the 1st scenario we...
Price at daily important area (54.98). Now in the daily chart price formed a hammer and in the 4H chart there is an engulfing. My first TP is 57.80, final TP could be 60.60. SL 54.40.
Bitcoin just double topped at a massive resistance trendline and seems to be rolling over...
This video explains what might be next for the leading cryptocurrency.