AUDCHF Short
Updated
Break and possible re-test of bottom of descending parallel channel. Previous trade was a buy which has been closed at this level. Expecting nice price action and volume to take it to the downside to at least the support level which is a historical low for this pair, should the conditions for the trade meet. Circle highlighted was a market gap that was only filled by wicks, but now it has been filled properly.
Comment
Monthly view of whole market:Weekly view of parallel channel (it is even though it doesn't look it):
4H view showing gap and decreasing volume as the movement was bullish:
Order cancelled
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.