AUDCHF > at Resistance Trend Line, Might Be Ready for A SellAnalysis of #AUDCHF
Similar to my previous idea on AUDCHF the market still respects the trend line resistance, however, I believe the more the market tests the same point the more it weakens that's why we need to be cautious in entering this market.
For me, I am looking for a double top on the lower time frame before sending a sell trade.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Harmonictraders
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The price pattern of gold is not showing any optimism for the time being. An obvious sign of lethargic movements is the position of different moving averages that we have attached for technical analysis purpose. We do not see any significant bias.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25066
TP: 1.21885
SL: 1.27297
Bias: Short
This instrument is showing a short bias and we have detected a medium probability short opportunity. Due to low volatility and poor price movement, the signal is not strong but our bias is short after a technical review and we plan to go short because of that.