I am expecting a new buying pressure to creep in really strong after the break above the symmetrical triangle on AUDCHF
It's best to wait for the break above the upper-band trendline before anticipating for a buy position.
Alternatively, a break-down below the prolonged and overly tested demand area, could lead to a fall and then targeting.
So, Watchout for AUD/CHF
It's best to wait for the break above the upper-band trendline before anticipating for a buy position.
Alternatively, a break-down below the prolonged and overly tested demand area, could lead to a fall and then targeting.
So, Watchout for AUD/CHF
Note
AUDCHF just had it's first breakout since it started consolidating inside the tight symmetrical triangle.Now i am anticipating for a minimal or deep pullback before it further continue with the bullish run - Check it out below!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.