Hello Traders,
AUDCHF just entered a strong weekly order block. As you know already this pair has been bearish overall on higher timeframes like the weekly and monthly.
Although, the long-term bullish impulse might be fast approaching, however, I speculate that the weekly order block will have an impact on price and we would witness some bearish movement.
I'd be monitoring the 1-hour timeframe to spot CHOCH from bullish to bearish to a short trade.
See my analysis on AUDUSD below.
Follow for more updates.
AUDUSD analysis
https://www.tradingview.com/chart/AUDUSD/RP4wxLIq-AUDUSD-INCOMING-BEARISH-MOVE/
Cheers,
Jabari
AUDCHF just entered a strong weekly order block. As you know already this pair has been bearish overall on higher timeframes like the weekly and monthly.
Although, the long-term bullish impulse might be fast approaching, however, I speculate that the weekly order block will have an impact on price and we would witness some bearish movement.
I'd be monitoring the 1-hour timeframe to spot CHOCH from bullish to bearish to a short trade.
See my analysis on AUDUSD below.
Follow for more updates.
AUDUSD analysis
https://www.tradingview.com/chart/AUDUSD/RP4wxLIq-AUDUSD-INCOMING-BEARISH-MOVE/
Cheers,
Jabari
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.
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.