AUDCHF looks like it can turn bullish

24 thg 3, 2020

On H1,H4 and W1, AUDCHF shows a sign of major rejection. The price also broke out of the Ichimoku cloud and has twisted green. After a cloud breakout, it is expected for the price to retrace by 50%. Combined with the two trendlines that are drawn, the green area could prove to be an area where many traders are interested in buying. Therefore, this could be a nice set up with a good risk to reward ratio where the price might break out of the current resistance level(blue) going all the way up to the supply level above(red)