AUDCHF waiting for our trigger to buy

15 ביוני 2020

on H4: AUDCHF is overall bullish and now approaching our lower blue trendline so we will be looking for objective trend-following buy setups on lower timeframes.

on M30: AUDCHF is forming a trendline in red so we are waiting for a new swing to form around it to consider it valid and then enter on its break upward.

Moreover, we have a regular bullish divergence on MACD adding more confluence to our setup.