It's been a year of audchf trading between converging lines, logic tells that at some point, price will break to one of both sides, up or down. But it is the time yet?
I have some factors that indicate it is not:
Price climbed to test two important trendlines, and closed with a nice red candle, then consolidated at this zone, as macd decreases value, giving a potential opportunity to short.
I will manage this trade on the 4H, since there is where i put my sell order, below the consolidation zone.
I have some factors that indicate it is not:
Price climbed to test two important trendlines, and closed with a nice red candle, then consolidated at this zone, as macd decreases value, giving a potential opportunity to short.
I will manage this trade on the 4H, since there is where i put my sell order, below the consolidation zone.
Looking to break even soon.