IvanLabrie
Long

AUDCHF: Potential long trade on the daily and 4h charts

FX:AUDCHF   Australian Dollar/Swiss Franc
129 3 10
Time at mode analysis points to completion of a corrective move as price meets the profile balance point from the last high to mode distance, matching a downtrend signal timer expiration.

We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and price level.

Placing a market buy now, and looking to scale in if it continues to move up.
It's possible the RBA speech will introduce massive volatility , and I'm looking forward to it.
Will update with further entries and trailing stop opportunities.

Cheers,
Ivan.
Ok, I'm in:

Entry: 0.71428 - 4h chart signal (range expansion bar and no new low in 5 bars in 10 minutes)

Stop: Wide, depends on your money management criteria. Mine is lower than the lowest low to be safe.

Clock is ticking:

02:50 2h 1m AU AUD RBA's Governor Glenn Stevens Speech
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Trade working, I closed 75% and left the stop at the same spot.
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Closed the remaining batch in profit.
Waiting for now.
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