AUDCHF: BULLISH BAT SPOTTED
Updated
Hello Traders,
Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair.
The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the upside on the pair.
Key points: X: 0.53416, A: 0.72599, B: 0.64114, C: 0.69243, D: 0.56181.
My Expectation: Price to rise from 0.59072 to around 0.68 in the coming weeks/months.
Invalidation: If price exceed the 0.54662 to the downside, this idea becomes invalidated.
Traders should watch price action closely and put in proper risk management.
Cheers and happy trading!
Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair.
The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the upside on the pair.
Key points: X: 0.53416, A: 0.72599, B: 0.64114, C: 0.69243, D: 0.56181.
My Expectation: Price to rise from 0.59072 to around 0.68 in the coming weeks/months.
Invalidation: If price exceed the 0.54662 to the downside, this idea becomes invalidated.
Traders should watch price action closely and put in proper risk management.
Cheers and happy trading!
Note
This pair has done a total +245pips since this outlook was shared publicly.
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