will be looking for an entry to take this to the 0.6150 level
Day traders might go lower time-frame to go long this shit for us, before we finally go down. if you need my outlook about longing this pair on the lower time-frame hit me in the comment section. Thanks and support this analysis with a like!
This is just the analysis, the trading part and strategy is up to you.
Hi All, Aussie showing some weakness lately, even on a weaker dollar. You think price action will push down from this level? What do you think? Thnx Jad.
For some pass weeks now we have been in the distribution phase..... to understand what i.m saying check the daily or the 4hr time frame(zoom out to see it), we just completed phase B and we are about to start the phase C. Please bare in mind that trading is reactive and not predictive..... comment and like to support the creation of more educational analysis. ...
Update on AUD/CHF - entry 0.660094, price moved down to mitigate trapped bull (doji) on the 4h and continued down to a low of 0.651615. There’s a trapped bull around 0.651000 so moved up my SL to lock in profits and monitoring to see if NY is going to reverse
It's just a simple analysis. Use it as a helping tool for your trading plan. It's not a signal, always use trigger for proper Risk/Reward.
*Update* Price tested previous highs and failed at the area of Imbalance, now watching to see if it will mitigate the OB at .0654000. CHF is currently strong so they are fighting.
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Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market targets: 0.6585 stop: 0.649 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make...