Expecting a breakout and re-test on the trend line. AUD pair showing significant strength this past week (possibly due to relaxing of lockdowns). I expect the AUD pair to continue climbing.
FOREXCOM:AUDCHF broke out of the trend line and it is forming new highs moving gradually to the major resistance.
AUDCHF weekly should go up and get short to that area down .
AUDCHF has an over extension of the bulls, the bears will be in play before we continue back up.
AUDCHF Trading Plan BUY - Riks Reward 1:3
The Swiss franc’s safe-haven appeal doesn’t work on the Australian dollar as the risk sentiment bounces back. The reason for that is the gradual reopening plans of major economies across the globe amidst the ongoing battle against the coronavirus pandemic. The pair is widely projected to peak to its resistance area by the first half of the month as bullish...
After a strong rally, the price entered a range, making lower highs Howver this trendline is broken after three touch points, with strong bullish candles MACD and ADX are showing a strong bullish momentum in the making I expect the price to continue up till the next major resistance line
AUDCHF has been showing a clear uptrend on the 30m chart. Want to buy this pullback up to a fib extension at 2.5R. All levels on chart. Cheers
Multiple confluences: Structure 1hr 50EMA Trendline 618 fib retracement
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I'm willing to long this one on every pullback. Now, yellow zone can provide some battle space and can already be level of pullback, but I'd be waiting for further decline, somewhere inside green area before trigger long. Let's see how it will play out. TP is marked on chart, SL will depend on entry. 4h chart for bigger picture: Disclaimer: this idea is solely...