AUDCHF reached an area with accumulation of volume, we have a bearish trend in bigger time frames. The price is testing trend line and bullish momentum is loosing strength. Wait for confirmation to take a trade.
Pound reached an area with accumulation of volume which is also the 61% of the Fibonacci retracement (golden zone) and support area.
Is very likely to see the pound getting strength in the next couple of sessions.
Longing the cable. Pound reached the support area I was looking for in the previous post, I expect a bullish run in the next couple of days/weeks. 200EMA and 50EMA crossed in 2h time frame. according to Forex sentiment 63% of the traders are Longing the pair, this is not financial advice but my views on the pair. Make sure to use proper risk management and I wish...
Still a Bullish trend, we can expect new highs. The price has reached previous Support at 50% of the Fib, it can break it and test the next support at the 61% of the Fib, Buy Stop @ 1.18610 and expect around 100 pips.