We can see an inverted head and shoulders setting up on AUDCHF. We had a false break at .65 confirming long entries for this pair.
If you missed the initial entry don’t worry and wait for this set up.
So how do we take the trade?
Wait for price to reach .654 areas and back to .651 then you will enter this trade for a long. This is when 4 hr timeframe will enter into strong buy momentum and 1hr will be bullish
Entry line is given, stop loss is given as well as take profit. This is almost a 3.5R trade. Please let me know your comments. Thumbs up if you like this idea
I will give an update once i enter the trade somewhere this week.
Thank you and good luck
If you missed the initial entry don’t worry and wait for this set up.
So how do we take the trade?
Wait for price to reach .654 areas and back to .651 then you will enter this trade for a long. This is when 4 hr timeframe will enter into strong buy momentum and 1hr will be bullish
Entry line is given, stop loss is given as well as take profit. This is almost a 3.5R trade. Please let me know your comments. Thumbs up if you like this idea
I will give an update once i enter the trade somewhere this week.
Thank you and good luck
Trade active
Trade closed: target reached
TP Hit
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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.
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.