AUDCHF Up Swing
Updated
Price got rejected at the Fibs 100% & SZ as anticipated yesterday but I did not position myself as a seller simply because I am on a bullish bias for AUDCHF. I am hoping for it to retrace 50% before I zoom into the M15 timeframe to find an entry opportunity.
However, based on my observations, the rejection at the Fibs 100% and SZ seems weak, as it did not create any major ERCs or big candles for that matter. This further affirms my bullish bias on this pair. The momentum for it to retrace deeper could be diminished meaning price may continue its move upwards from this point forth.
I am set to enter at either points so long as there’s an entry setup on M15.
However, based on my observations, the rejection at the Fibs 100% and SZ seems weak, as it did not create any major ERCs or big candles for that matter. This further affirms my bullish bias on this pair. The momentum for it to retrace deeper could be diminished meaning price may continue its move upwards from this point forth.
I am set to enter at either points so long as there’s an entry setup on M15.
Trade active
Valid M15 entry setupTrade closed: target reached
Trade closed as we do not want to keep the position over the weekends. Cheers! 🎉
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