AUDCHF is in a sort of rectangle, the price seemed to have broken it on 31st of December but, pay attention, the volumes are very low and the rsi has created a DIVERGENCE, so I think that we are having a fake breakout, there are good chances for a drop towards the 200-day moving average (highlighted in green). The trade has a good risk reward ratio: 1:2.67.
It could be formewd a bullish shark pattern during next days, so id price action develops the D leg it will reach our take profit.
Use a proper money management.
I will update you soon!
Enjoy your trading!!!
Francesco
It could be formewd a bullish shark pattern during next days, so id price action develops the D leg it will reach our take profit.
Use a proper money management.
I will update you soon!
Enjoy your trading!!!
Francesco