". There is a possibility of temporary retracement to suggested support line (0.6428).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts...
Previously, a bounce off the 0.6601 support was seen and a subsequent forceful break out of that support to hit 0.6717 where it found a triple top. So far it hasn't drilled and I expect a big bounce of at least 0.6585. Please comment if you like the idea or like it.
Idea Based On 2/4Hour Time Frame Looking For Entry On 15Min Chart For A Buy Setups On The 70% Fib Level. (Retrace Fib Play)
Trend Continuation Plays Never Going Against Trend.
All Moving Average is Above And On Higher Time Frame For Confluences. First Target Tp Is The High Then Closing 50% of trade to Ride The Trend.
Risking 0.5-1% per trade Around 1:2-1:3 RR.
looking to take this long again as with all the AUD pairs this week bar AUDNZD as Believe we will see some strength before weakness, These are all my own ideas , yes I know a lot of traders etc and most of this weeks ideas go againest what they think so its good to have a different look at things and the reasons why
GOOD DAY TRADERS
PRICE IS IN A TRIANGLE CORRECTION, WAIT FOR A BREAKOUT ABOVE THE TREND LINE BEFORE BUYING, BUT IF PRICE BREAKS BELOW E THEN WE ARE LIKELY TO SELL AND THE STRUCTURE BECOMES A WXY STRUCTURE..
PRICE MIGHT LIKELY BE STARTING THE NEXT WAVE CIRCLE IF IT BREAKSOUT FROM THE TOP OF THE TREND LINE MEANING THERE MAY BE MANY BUYING OPPOTUNITIES FOR AUDCHF