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morrisgitau
Mar 17, 2024 12:38 PM

AUDCHF 

Australian Dollar/Swiss FrancFXCM

Description

On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction.
On the weekly charts,we have a disequilibrium and unmitigated supply at 0.607 price handle, price is seeking to correct it.
On the 4-hour chart, we have a shift in market structure confirming the bullish correction. We have two recommended entries,the high probability entry in green or the low probability yet conservative entry in red targeting the weekly unmitigated supply at 0.607
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