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
Transaction en cours
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.