jojofang0901

AUDCHF Look for bullish price action for the move up

Long
OANDA:AUDCHF   Australian Dollar / Swiss Franc
Hi everyone:

AUDCHF from the HTF is shaping up for the bullish up move potential.

Price has been in this large, parallel channel structure since beginning of June.

Latest price action has finally broken the previous low, and a strong bullish reversal price action on the LTF .

This is good indication that the HTF parallel channel could be completing, and buying from the bottom would be a good R:R to the upside.

Thank you
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Comments

Waiting for support retest. 🐻‍❄️🙏😊😃
+1 Reply
jojofang0901 PolarHusk
+1 Reply
yes ready to bounce soon. thanks
+1 Reply
jojofang0901 Fisher_Fx
@Fisher_Fx, waiting for the correction to develop here on the LTF :)
Reply
keep going mate !
+1 Reply
jojofang0901 Alexander_Harford
@Alexander_Harford, You as well sir. :)
Reply
Is it Bullish as Impulsive move? The MACD and Stoch showing this is not good for open buy order right now, since time frame 1H and 4H have overbought volumes
+1 Reply
jojofang0901 RyodaBrainless
@RyodaBrainless, Personally I dont use any indicators in my analysis to keep things focus on the price action and structures. I will be looking for more bullish price action to develop for further upside moves. If they dont develop structures and corrections for the next move up then I wont be adding more new positions. thank you
Reply
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