AUDCHF – Bulls Preparing for a Comeback?

Aug 19

AUDCHF has been trading inside a broad ascending channel, showing a clear bullish structure. Recently, price pulled back within a corrective descending channel and is now approaching a key demand zone aligned with the lower bound of the channel.

🔎 If buyers step in here, we could see a potential reversal and continuation of the overall bullish trend.

👉 Plan: Look for long opportunities as price reacts around the demand zone and channel support.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Aug 23

Trade closed: stop reached