AUDCHF has been following this up trend since the COVID drop. Currently price is testing this TL and we have a break on the 8H.
Looking at the recent price action, we can definitely see that there has been some profit taking and there is a good possibility of a reversal at play.
The optimal entry for a long following the trend would be above 61% with a stop below 80%.
An optimal short would be on the retest and rejection of the trend line with a stop above 30%
Looking at the recent price action, we can definitely see that there has been some profit taking and there is a good possibility of a reversal at play.
The optimal entry for a long following the trend would be above 61% with a stop below 80%.
An optimal short would be on the retest and rejection of the trend line with a stop above 30%
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
