AUDCHF has formed a falling wedge pattern, marked by a breakout and subsequent pullback towards the identified demand zone. We anticipate a potential retracement to the Order Block (OB) responsible for the recent Change of Character (ChoCh). Our expectation is a reversal towards the latest swing high on the pair, supporting our decision to enter a long position.
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.