Long

Aussie Daily chart aligning with OZE bulls Against CHF

https://www.tradingview.com/x/kEkzhQIZ/

I just caught this on the Daily chart which gives it huge RR and appeal AUDCHF, Bull-trap or a firm and solid turning around of the OZE.

It looks genuine to me to be turning around from what I am seeing so far, I will wait for a pullback.

Note

4HR Chart, getting inside the Daily chart a bit.

Note

I don't generally use stop losses. If you do use them, a retracement, like a fib retracement, is so they can 'flush' out existing buyers/holders to make you a seller to new buyers, that is basic liquidity existing buyers flushed out by stop losses triggered by market makers then making you a seller to a new buyer, that is why I would remove my Stop loss on things like fib retracements. Put a SL back on when price makes a move back up.

Note

that comment above was intended for a Bitcoin thread, it might feel a bit out of place, apologies.

Easy_Explosive_Trading

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Easy_Explosive_Trading

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