AUDCHF ____ INCOMING BEARISH MOVE
Hello Guy,
It's another trading week and I want to share my view on AUDCHF with you. Legggoooo!!!
If you take a look at the monthly timeframe, you will notice that price just reacted from a monthly orderblock.
If you drop down to the weekly timeframe, you will notice that price had created a bearish CHOCH and has retraced to the weekly supply OB from which we can expect a bearish continuation. You may also notice that we are currently at the neckline of the M pattern on the weekly chart.
On the daily chart, you will notice how price just took out a strong supply zone which caused a strong drop in price. You can also notice the W pattern and we should expect a retracement.
Now, I am monitoring price movement in the 1-hour timeframe to see if I can get my trade setup to go short.
Endeavor to keep this pair on your radar.
Follow for more updates like this.
Cheers.
Jabari
It's another trading week and I want to share my view on AUDCHF with you. Legggoooo!!!
If you take a look at the monthly timeframe, you will notice that price just reacted from a monthly orderblock.
If you drop down to the weekly timeframe, you will notice that price had created a bearish CHOCH and has retraced to the weekly supply OB from which we can expect a bearish continuation. You may also notice that we are currently at the neckline of the M pattern on the weekly chart.
On the daily chart, you will notice how price just took out a strong supply zone which caused a strong drop in price. You can also notice the W pattern and we should expect a retracement.
Now, I am monitoring price movement in the 1-hour timeframe to see if I can get my trade setup to go short.
Endeavor to keep this pair on your radar.
Follow for more updates like this.
Cheers.
Jabari
עסקה פעילה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.