QuileHills
Long

AUDCHF Long Argument

FX:AUDCHF   Australian Dollar/Swiss Franc
199 0 19
3 months ago
The mode price for AUDCHF             has been established at 0.73816 after a bullish turn confirmed via 5 consecutive bullish daily chandles.

The pair is also not showing any bearish divergence on the 4H RSI while showing acceptance of support from the trend line after a short lived bearish break (fake out?).

Depending on the next daily open being above the mode line I will enter a long on this pair through a buy stop order similar to the one shown with a target dictated by the Time at Mode analysis and SL dictated by trend support, price action and ATR.

With a daily open above the mode price, the pair should reach my target within about 6 trading days.
3 months ago
Trade active: Entered as shown.
3 months ago
Trade closed: target reached: That was quick
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