After breaking the previous higher high on the H4 to show me bullish control, then seeing rejection of the support zone drawn up, looking to stay in longs until the next higher high.
After settling on a weekly support level and forming a textbook double bottom, Aussie looks to be forming an ascending wedge at a supply zone that has been consumed in the last couple of days. enjoying longs until the neckline breaks
AFTER REVERSING PRICE AT SUPLLY ZONE AT .6970, THE PAIR MIGHT SELL TO .6879 WHICH IS A DEMAND ZONE AFTER BREAKING A ZONE ARE WHERE PRICE MADE A PINBAR CANDLE ON THE 4H TF.
I analyze UsdChf as a zone traded pair with consistent zones of consolidation for about 2 weeks at a time. Right now the pair is in the time frame of the consolidation period but I’m projecting a bullish rally to exit the zone at the last resistance, then selling off to the Daily support.
