4H Analysis on AUDCHF
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Hello traders. This analysis on the 4H TF shows us a possible double top setup. Though it might be a bit risky to enter this trade now, if the support level around 0.08600 is broken without any rejection or is broken and retested, the support around 0.68140 is a good place to TP.
The bearish engulfing candle on the 1D TF also indicates strong selling pressure. A more conservative entry would be to wait on the close of this daily candle.
The bearish engulfing candle on the 1D TF also indicates strong selling pressure. A more conservative entry would be to wait on the close of this daily candle.
Ghi chú
This was a really good setup. Even though price did not reach the support level as projected, there was still a potential to make good profits.Ghi chú
Price may still fall to our projected support level if it has trouble breaking the highs of our double top setup.Ghi chú
Indeed this was a really good setup as price did eventually move to our projected support level around 0.08600. This is a good place to TP.Đóng lệnh: đạt mục tiêu
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