Hello dear subscribers!
This chart shows an interesting figure: "The flag of the bull trend."
The price is expected to rise according to this pattern.
However, there are certain conditions.
If the price breaks the 0.61600 mark, then you can buy.
If this does not happen, then you should not risk it.
The price should rise and it has 2 targets.
These targets...
AUDCHF is currently in an uptrend and by the looks of it, it has been respecting the significant price level of 0.62000. I am looking to enter a long position at the break and retest of that 0.62000 level. Though, a trend reversal is possible, since it is still in an uptrend, I am looking to long this pair.
Hello Traders ,
As per current chart we can see potential short term move up towards , then we have to see if price breaks above or faces rejection..
Sell on rejection towards support as per chart.
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AUDCHF is approaching a strong resistance level, if we can see a breakthrough of the level then I believe it will continue in the bullish trend which started almost one month ago.
I will be monitoring the price action closely around this key level to see if there are confirmations of my idea before entering.
If you like this idea or find it helpful please give...
My small account needs patience
No over confidence.
Losses are real :)
NB/ entry on retrace preferred or candles according to trend. Patience.
Small risk for better reward, Dont gamble !
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