AUDCHF is currently forming a triangle. Price is coming very close to the point of the triangle, indicating a breakout in either direction may soon occur. Traders should ideally wait for a breakout and retest of the triangle in either direction before opening a position.
Ensure that you use proper risk management.
Based on the previous weeks movement, it is more probable that we will see a break to the upside. However, it is best to wait for price action to give a valid entry. Do not open positions blindly based on predictions.
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Best of luck traders!
Ensure that you use proper risk management.
Based on the previous weeks movement, it is more probable that we will see a break to the upside. However, it is best to wait for price action to give a valid entry. Do not open positions blindly based on predictions.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below
Best of luck traders!