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AUDCHF Possible Bullish Reversal
Australian Dollar / Swiss Franc
Long
AUDCHF Possible Bullish Reversal
By yousufrz
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Nov 19, 2021
1
Nov 19, 2021
AUDCHF
Pair is bearish on 1D timeframe. Inverse Head & shoulder pattern might be early sign of bullish reversal.
Moreover, pair is testing major support area. It can move up on appearance of green piercing or bullish engulfing candle.
Buy entry may be taken with stop loss below right shoulder and target price around projection of head.
If price break below stop loss level, Setup will be invalid.
Thanks
Chart Patterns
Trend Analysis
yousufrz
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