Hello:
Similar like the NZDCHF I just posted, AUDCHF has similar price action pattern that gives me enough confluence factor to go for a quick long.
Here on the 4 HR chart, we are seeing a double bottoms, then price action broke above the resistance trend line, formed a new high.
Now we are seeing a deceleration, a pullback, forming a higher low. Enter at the break out of the bullish flag, targeting daily 50 EMA, 0.618 fibs is a good trade worth 2.6:1 of R:R.
Thank you
Joe
Similar like the NZDCHF I just posted, AUDCHF has similar price action pattern that gives me enough confluence factor to go for a quick long.
Here on the 4 HR chart, we are seeing a double bottoms, then price action broke above the resistance trend line, formed a new high.
Now we are seeing a deceleration, a pullback, forming a higher low. Enter at the break out of the bullish flag, targeting daily 50 EMA, 0.618 fibs is a good trade worth 2.6:1 of R:R.
Thank you
Joe
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