smartforexlearning
Long

AUDCHF: uptrend and strong support indicate room to the upside

FX:AUDCHF   Australian Dollar/Swiss Franc
The pair has been in a longer term uptrend (better visible on the daily chart ). After the strong bullish move recently, the price is now retracing to the previous support levels, ready to continue further up.

Stochastic indicator show oversold levels both on the 4H and the 1D chart, which indicate that the sellers are losing steam. The support area offers great opportunities for traders entering long, with a good R/R ratio of initially 1:2 but with potentially much more room to the upside.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out