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ForexVizionist
Apr 12, 2021 8:27 PM

AUDCHF - Long - 1H - RANGE TRADE Long

AUD/CHFOANDA

Description

Looks Like AUDCHF caught itself into range trade between AHD and CHF demand Equilibrium,

territory was very bullish for very long time from daily perspective , but last HIGH swing looks like it become a bit expansive for the people interesting
in AUD ,
Current demand is waged in favour of CHF while AUD was bullish way to long to just DIE out,
I am not saying here is the spot and market will swing up, it can very well get lower one or 2 more floors
but if buyers will step in, it is in perfect spot

at the same time the entry aligns with a lot of classical retail trading strategies , which could add fuel to my long


Our conformation: Overal BULL
minor : BEAR

Both direction had its run

ANEW UD demand zone conformation

CHF previous Demand zone conformation

...

Keep Calm
apply and repeat

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