AUD/CHF a possible bullish reversal, add the pair to watchlist and be ready

in LeoFinance3 years ago

AUD/CHF

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Because the AUDCHF is trading near daily support, we will be searching for purchase setups on lesser timeframes.

H1 timeframe : AUDCHF is developing a red trendline, but it is not yet valid, thus we are waiting for a new swing high to form around it before considering it our trigger swing. (Purple projection)

Trigger > Waiting for the swing to occur, then buying after a momentum candle closes above it (gray zone)

Meanwhile, until the buy is activated, the AUDCHF is still bearish and can trade lower.

Best wishes!

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