AUDCHF SELL
Price tapped into the 4H supply zone and gave us a 1H CHOCH signifying a change in trend to the downside. In the process of retracing back to a supply zone, price started ranging, generating liquidity above and below. On the 1H there’s an unmitigated 1H order block Resting on a supply zone which the price will likely sweep out the liquidity above to mitigate before making it move to the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.