AUDCHF ____ INCOMING BEARISH MOVE
Hello Guys,
If you have seen my analysis on GBPCHF & NZDCHF (inserted below) you will notice how similar this analysis on AUDCHF is. Price is trading in a weekly supply order block. I am bearish on AUDCHF but I am not in a hurry to jump into a short trade.
The red line you see in my chart which is inside the weekly order block (yellow box) is the low of the December 2022 candlestick (switch to your monthly chart to see it)
Also, GBPAUD which is correlated with AUDCHF has a bullish outlook (my analysis inserted below)
I will be monitoring this pair this coming trading week to see if with will present a good 1-hour CHOCH to take the short trade.
Follow for more trade analysis and updates.
GBPCHF ANALYSIS
NZDCHF ANALYSIS
GBPAUD ANALYSIS
Cheers,
Jabari
If you have seen my analysis on GBPCHF & NZDCHF (inserted below) you will notice how similar this analysis on AUDCHF is. Price is trading in a weekly supply order block. I am bearish on AUDCHF but I am not in a hurry to jump into a short trade.
The red line you see in my chart which is inside the weekly order block (yellow box) is the low of the December 2022 candlestick (switch to your monthly chart to see it)
Also, GBPAUD which is correlated with AUDCHF has a bullish outlook (my analysis inserted below)
I will be monitoring this pair this coming trading week to see if with will present a good 1-hour CHOCH to take the short trade.
Follow for more trade analysis and updates.
GBPCHF ANALYSIS
NZDCHF ANALYSIS
GBPAUD ANALYSIS
Cheers,
Jabari
Trade closed: target reached