AUD CHF has been moving towards a wedge pattern with higher highs being made.
I will be looking for a breakout of this wedge to the down side. First, price will need to break and retest the wedge.
There is divergence on both RSI and Stochs from the 4hour chart,
The Daily chart shows price is at the Fib 50 level from the last major swing.
I will be looking for a breakout of this wedge to the down side. First, price will need to break and retest the wedge.
There is divergence on both RSI and Stochs from the 4hour chart,
The Daily chart shows price is at the Fib 50 level from the last major swing.
Comment:
Bearish engulfing bar was formed. Good point for entry
may retest or continue to fall