AUDCHF Rally Base Rally
It appears that after the price touched the support, it immediately bounced and formed a base. It is now attempting to continue its rise after breaking the base and confirming a retest. This is supported by the latest H4 bullish candle, adding optimism for buying.
The take profit is set at the 1.618 Fibonacci retracement level, also forming an AB=CD pattern.
Stop Loss (SL): 0.59543 (22 pips)
Take Profit (TP): 0.60217
Risk-Reward Ratio (R:R): 1:2
The take profit is set at the 1.618 Fibonacci retracement level, also forming an AB=CD pattern.
Stop Loss (SL): 0.59543 (22 pips)
Take Profit (TP): 0.60217
Risk-Reward Ratio (R:R): 1:2
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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.