FX:AUDCHF   Australian Dollar/Swiss Franc
112 16 3
I expect another rally off the lower median line parallel. The aussie is currently oversold, while being very strong; the franc is just the opposite. The first resistance is likely to be felt at 0.8267, but I'll be looking to TP at 0.8290 (it may be able to go even higher, to the sliding parallel).
we are back in fork,waiting another red median retest
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Yes, we are, but we need to break the pink resistance first.
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I've taken profit and closed the position as planned at 0.829.
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Thanks for the 20 Pips, should have stayed in.
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ForceFollower FaultyKid
You're welcome, pal. I know, running a winner is not as easy as it seems. :-) You might consider a reentry to TP at .829. But risk small at this point.
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it tried to breach 200ema yesterday and failed. if closes like this today could be a possible reversal pattern. I would be careful with that until it closes above 200ema. anyway. good luck!
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Thank you. Actually I don't use 200 EMA, but let me check. Do you plot it on an H4 or a D1 time frame?
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giantab ForceFollower
i plot it to the daily being 4h's bigger brother;)
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giantab giantab
the last time it's been at 200ema was a year ago(april 2013) so now it will be interesting to see how it behaves
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Yes, sure. :-)
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