This is my breakdown on aud/chf after observing itfor weeks.
I created a balance zone - or consilidation as many call it.
It looks like price is making lower highs close to the resistance.
The market is rejecting the higher price and don't want the higher highs, creating a possible shorting opportunities.
I am going to monitor the price action more closely by tomorrow and see if the price is reacting on the resistance.
FxBeams
I created a balance zone - or consilidation as many call it.
It looks like price is making lower highs close to the resistance.
The market is rejecting the higher price and don't want the higher highs, creating a possible shorting opportunities.
I am going to monitor the price action more closely by tomorrow and see if the price is reacting on the resistance.
FxBeams
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