Hello Traders,
AUDCHF just entered a strong weekly order block. As you know already this pair has been bearish overall on higher timeframes like the weekly and monthly.
Although, the long-term bullish impulse might be fast approaching, however, I speculate that the weekly order block will have an impact on price and we would witness some bearish movement.
I'd be monitoring the 1-hour timeframe to spot CHOCH from bullish to bearish to a short trade.
See my analysis on AUDUSD below.
Follow for more updates.
AUDUSD analysis
Cheers,
Jabari
AUDCHF just entered a strong weekly order block. As you know already this pair has been bearish overall on higher timeframes like the weekly and monthly.
Although, the long-term bullish impulse might be fast approaching, however, I speculate that the weekly order block will have an impact on price and we would witness some bearish movement.
I'd be monitoring the 1-hour timeframe to spot CHOCH from bullish to bearish to a short trade.
See my analysis on AUDUSD below.
Follow for more updates.
AUDUSD analysis
Cheers,
Jabari