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DammyForexlyfe
Oct 4, 2019 9:36 AM

AUDCHF SHORT  Short

Australian Dollar/Swiss FrancFXCM

Description

This is my personal analysis for AUDCHF, on the daily TF market has been trending bearish with 3 touches on the daily TF trendline, narrowing down to the 4 hour market made a double buttom followed by a fake - out. The pair has aggressively been bullish since the double buttom confirmation and currently at a confluence of two resistance namely
1. The previous high with a heavy bearish hammer rejection and 2. The daily bearish trendline. The bears have creeped in and pushing the pair down, i will prefer to enter a short with a bearish confirmation candle stick on the 4 hr.
Comments
transparent-fx
here is my MTA viewpoint on it, its and interesting pair
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