I was looking at AUDCHF on a 30 min chart, with data from 4h time frame superimposed on the chart and I see that it has reversed from a key level on the 4h time frame that is circled for reference. I think price will now attempt to move to higher levels. .694xx and .697xx are likely levels it will aim for.
For the curious types, the levels and the trend lines are plotted automatically by Pinescript code.
Let's see how it works out.
For the curious types, the levels and the trend lines are plotted automatically by Pinescript code.
Let's see how it works out.
Trade active:
Price action confirmed the analysis and it is better to shift to 1h chart and hold the trade until that time frame says exit. However, exits are to be placed to protect the profits.
