KatlehoMaleka

AUDCHF. Short opportunity.

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Don't know where to begin on this pair. Price has broken a trendline and came back to retest it. Weekly bar closed with a nice shooting star. This pair might also be forming an inverse Head and Shoulders on the weekly, might be on its way to make the right shoulder. Again, we might be seeing a 'perfect' Bullish Gartley forming. AB leg retraced 61.8, and BC also retraced 61.8, next step is to look for the 1.272 extension and 78.6 retracement which converge at almost the same price. I'll be looking to short this pair when the market opens.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.