AUDCHF - Long - First Post in a While!
Updated
Here is one of the pairs I'm currently look at for a long trade.
AUDCHF
Previous zone of support / resistance has been re tested at the 0.6040 level.
We saw a continuation pattern forming here in the way of a bullish flag pattern. We've seen price break out of this pattern at the retesting of the 0.6040 zone.
A strong bullish movement at this level retesting this crucial zone and breaking the continuation pattern indicates a potential for further bullish movement.
Entry requirements:
- Bullish retest of 0.6040 zone
- Bullish break out of continuation pattern (bullish flag)
- We're following the overall bullish trend of this pair
- Indicators suggest further potential bullish movement
AUDCHF
Previous zone of support / resistance has been re tested at the 0.6040 level.
We saw a continuation pattern forming here in the way of a bullish flag pattern. We've seen price break out of this pattern at the retesting of the 0.6040 zone.
A strong bullish movement at this level retesting this crucial zone and breaking the continuation pattern indicates a potential for further bullish movement.
Entry requirements:
- Bullish retest of 0.6040 zone
- Bullish break out of continuation pattern (bullish flag)
- We're following the overall bullish trend of this pair
- Indicators suggest further potential bullish movement
Trade closed: target reached
Profits taken on this one!
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