Hello Traders,
This is just an analysis on the AUDCHF pair.
I believe there will be buyers pressure soon but according to trading strategy it's not the right moment for taking the decision yet!
Bullish signs for trades between 3 to 10 days:
We are near a strong SNR level that touched so many times
We previously seen HH and this could be our HL
Bearish signs:
The price has a very well reaction to "VW channel" (my personal indicator I will share soon).
Linear regression based levels didn't give us any information about a Resistance nor a support!
But take a deep look at green descending lines cause if the price goes up reaction to them they may be good reason to close the trade.
They can even be used as TP points.
I'll promise that I will improve my English soon. LOL
regards, Ali
This is just an analysis on the AUDCHF pair.
I believe there will be buyers pressure soon but according to trading strategy it's not the right moment for taking the decision yet!
Bullish signs for trades between 3 to 10 days:
We are near a strong SNR level that touched so many times
We previously seen HH and this could be our HL
Bearish signs:
The price has a very well reaction to "VW channel" (my personal indicator I will share soon).
Linear regression based levels didn't give us any information about a Resistance nor a support!
But take a deep look at green descending lines cause if the price goes up reaction to them they may be good reason to close the trade.
They can even be used as TP points.
I'll promise that I will improve my English soon. LOL
regards, Ali