My favorite setup this week is on AUDCHF even though it looks like 1D is forming a head and shoulders pattern
but the 4h is still looking bullish which interests me the most, and the confluences line up pretty nice; and those would be:
1- S/R aka break and retest
2- 38.2 Fib retracement
3- 1H Trendline
4- 4H 50Ema
The trigger to getting me in the trade would be the break of the 15M trendline or the close above 1H 20EMA
but the 4h is still looking bullish which interests me the most, and the confluences line up pretty nice; and those would be:
1- S/R aka break and retest
2- 38.2 Fib retracement
3- 1H Trendline
4- 4H 50Ema
The trigger to getting me in the trade would be the break of the 15M trendline or the close above 1H 20EMA
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