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soskinnyithurts
Mar 22, 2019 11:20 PM

AUDCHF potential short term long position Long

AUD/CHFOANDA

Description

Reasons why on chart and labeled.

1. Price has anchored at 1H support line of structure
2. TDI band is over sold.
3. Price rise to area of resistence of structure
would coincide with .618 potential strong reversal point of fib.
4. .7030 region was last tested as resistence 5 times,
now potential to act as support, also same region as 4H support (blue).
5. 50 SMA & 50 EMA acting as hidden resistence in line with structure resistence
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