AUDCHF BUY OPPORTUNITY
Yesterday, I caught a long position. I am planning to go long again once the correctional trend line (green line) is broken on the 15M chart. A cup & handle pattern has formed and completed. The main trend line (yellow line) has been broken and price is re-testing it now. Waiting for the correctional trendline to be broken before entering for a buy.
Note
Never broke the TL for an entry. Invalid trade.Note
It broke the yellow TL and formed a bullish correction. Once the bullish correction was broken and a candle close occurred, it became a valid trade and went in our favor.
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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.