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LONG ON AUD/CHF
Australian Dollar / Swiss Franc
Long
LONG ON AUD/CHF
By TB305
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Apr 12, 2022
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Apr 12, 2022
Price has broken out of the resistance area of a long term downward channel at a major support area.
It has tested the same area as support and has currently been holding showing a very promising hammer candle.
Here is the play I will be taking on this pair:
P =0.69465
SL = 0.68865- 60 PIPS
TP = 0.70889 - 141 PIPS
AUDCHF
audchflong
breakout
buy
downward-channel
LONG
Parallel Channel
retest
Supply and Demand
support
Support and Resistance
TB305
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