AUDCHF LOOKS BULLISH ON DAILY...
AUDCHF LOOKS BULLISH ON DAILY...
The AUDCHF appears to be exhibiting bullish momentum on the daily timeframe. There's notable divergence formation followed by a consolidation phase, during which it formed a triangle pattern that has since been breached. The price action has surpassed resistance levels and initiated higher highs and higher lows.
Currently, it's undergoing a retest of a former resistance level, now turned support.
Trade Strategy:
Entry: At current price levels
Stop Loss: 0.56979
Take Profit 1: 0.60271
Take Profit 2: 0.61930
The AUDCHF appears to be exhibiting bullish momentum on the daily timeframe. There's notable divergence formation followed by a consolidation phase, during which it formed a triangle pattern that has since been breached. The price action has surpassed resistance levels and initiated higher highs and higher lows.
Currently, it's undergoing a retest of a former resistance level, now turned support.
Trade Strategy:
Entry: At current price levels
Stop Loss: 0.56979
Take Profit 1: 0.60271
Take Profit 2: 0.61930