AUDCHF broke out of the trendline and retested the trendline on the 4h chart. I want us to enter the BUY now yet we need to see what type of candle the pair will create for us on the daily timeframe. Indecision candle could be a good indication it'll move from a point. It's looking clear it'll close above the trendline so we'll enter a BUY when the new trading day comes around.
Trade active
Daily closed above the trendline and also retested, looking good for buys. London and New york session is coming up so our stop loss will be a tad bigger. AUDCHF BUY
start: 0.68061
stop loss: 0.67352
take profit: 0.71556
Related publications
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.
Related publications
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.