AUDCHF - NEW DAILY LOW INCOMING?
Hello everyone & Happy Tuesday!
As per my last AUDCHF description, this trade still continues to show us a bearish pressure in the market, 12-hour and the daily time frames are currently attempting to make a new low, if this would happen that would be a strong higher time frame confirmation. Lovely 4-hour bearish engulfing candlestick closure to confirm our entry, there is still some space left until 12-hour previous low so we can definitely lock some profits in. We might expect to see a re-test towards MA's but the overall trend is bearish. :)
As per my last AUDCHF description, this trade still continues to show us a bearish pressure in the market, 12-hour and the daily time frames are currently attempting to make a new low, if this would happen that would be a strong higher time frame confirmation. Lovely 4-hour bearish engulfing candlestick closure to confirm our entry, there is still some space left until 12-hour previous low so we can definitely lock some profits in. We might expect to see a re-test towards MA's but the overall trend is bearish. :)