AUD/CHF Breakout, pullback, long
Price has broken through the daily trend line breaking the anchor on the daily.
Price is now pulling back to the 0.618 fib level on the 4H which is the buy zone.
Looks like this will line up perfectly with the 20ema which has been well respected as well as testing the broken trend line.
Good long opportunity up to the next resistance level
Price is now pulling back to the 0.618 fib level on the 4H which is the buy zone.
Looks like this will line up perfectly with the 20ema which has been well respected as well as testing the broken trend line.
Good long opportunity up to the next resistance level
Trade active
Trade closed manually:
Price didn't quite reach target before getting the rejection, on review we can see this was because of the 20ema on the weekly where price continued the downtrend.