Hello! This is my AUDCHF technical analysis.
AUDCHF price has ranging between resistance and support.
I will trade for that conditions are below :
I. If price moves up then breaks through the resistance I will open the long position. That means if 1H or 4H candle closes upper side of the resistance I will wait for the retest of resistance. Then retesting candles have some rejection price actions I will open the long positions.
II. If price moves down then breaks through the support I will open the short position. That means if 1H or 4H candle closes lower side of the support I will wait for the retest of support. Then retesting candles have some rejection price actions I will open the short positions.
#DYOR
AUDCHF price has ranging between resistance and support.
I will trade for that conditions are below :
I. If price moves up then breaks through the resistance I will open the long position. That means if 1H or 4H candle closes upper side of the resistance I will wait for the retest of resistance. Then retesting candles have some rejection price actions I will open the long positions.
II. If price moves down then breaks through the support I will open the short position. That means if 1H or 4H candle closes lower side of the support I will wait for the retest of support. Then retesting candles have some rejection price actions I will open the short positions.
#DYOR