My bias is short unless price breaks and retests our triple top level of 0.66830. Only in this instance will I go long upon valid confirmations.
There are 2 possible entries here, shorts will only be taken following the break and retest of 0.66350 or a rejection from the 0.66830 (Triple Top Level).
NO TRADE SHOULD BE TAKEN UNLESS THESE SCENARIOS ARE MET .......
AudChf bearish bias and trend after a breakout from the consolidation can see it going lower. Coming off a nice level of resistance minor some room down. I would look for a retest first then a potential extension to the green lines drawn in
Tuesday, Wednesday and Thursday all coming up with top tier economic data for the Aussie and the Swissy.
On the 4 hour chart we can see strong support on the 6.500-6.525 range (sellers might be tired) and strong resistance at 6.550- 6580.
A break below would send us to the mentioned support for a profit of +100 pips, break below and all the way towards the...