Technician
Long

AUDCHF: Bullish-Trend Resumption!

FX:AUDCHF   Australian Dollar/Swiss Franc
678 8 7
Update: Haven't longed this one, as there were no clear signal over the four-hour time interval. Will continue to monitor
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There is a good chance for price resuming the bullish trend after the recent pullback. The pullback was largely expected as price has hit a major long term resistance among 0.8710-0.8755.

I am looking for long positions for now, targeting initially the aforementioned resistance level, i missed the initial long entry, where price is currently moving higher, i would like to see a minor downside pullback now to initiate a long. A break back below 0.8490 would negate this scenario.

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My best regards,
Technician
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thanks technician for this post
Reply
Thanks for the idea. Would you please post your trade set-up, once it has materialized. Kindly- Hamed
+1 Reply
Technician TOP HamedAghajani
2 years ago
Yes sure if i find a good entry.
+1 Reply
I agree with idea hamed if its no trouble for you
Reply
FaultyKid
2 years ago
Would you consider this a break-out too?
Reply
Haven't longed this one, as there were no clear signal over the four-hour time interval. Will continue to monitor.
+1 Reply
HamedAghajani PRO Technician
2 years ago
Thanks Luay. Here we learn that patience will pay off in all forms.
+1 Reply
Hi technnician Hope you are fine what is zoar view on this pair now
Reply
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