It's been a year of audchf trading between converging lines, logic tells that at some point, price will break to one of both sides, up or down. But it is the time yet?
I have some factors that indicate it is not:
Price climbed to test two important trendlines, and closed with a nice red candle, then consolidated at this zone, as macd decreases value, giving a potential opportunity to short.
I will manage this trade on the 4H, since there is where i put my sell order, below the consolidation zone.
I have some factors that indicate it is not:
Price climbed to test two important trendlines, and closed with a nice red candle, then consolidated at this zone, as macd decreases value, giving a potential opportunity to short.
I will manage this trade on the 4H, since there is where i put my sell order, below the consolidation zone.
Note
This trade is taking more time than i've expected, but seems to be finally going.Looking to break even soon.
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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.