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Everything on the chart.
We got impulse,same situation like on cadchf, further movement upward will be continue, open a position on a retest of a broken triangle
(i open pos by market and 1 more buy limit on retest,coz structure of zig zag looking finished)
price in symmetrical triangle and ready now at retest if this support hold than we can see good trend in this pair
wait for price to bounce from this zone than we can see any uptrend daily closing above is still a good sign for uptrend and downtrend
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Earlier today I mentioned a possible Head and Shoulders, difference is, I was hoping for a touch at the 61% fib, it seems we are about to reverse movement.
I am now watching for a sell entry. If I fail to entry here, I'll keep my eyes open on the neckline, chances are that we get a fakeout first and then the drop below the neck.
As can be seen from the chart above, AUDCHF is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF in a...