AUDCHF: Losing bullish momentum at support
The market has broken through the daily and 4 hour support level.
With each new test of this level, the size of the bullish rejection was less and less.
Now that support is broken the im expecting a bearish move until the next support level at 0.736.
YEARN-FOREX
With each new test of this level, the size of the bullish rejection was less and less.
Now that support is broken the im expecting a bearish move until the next support level at 0.736.
YEARN-FOREX
Note
Market moving as expected. If you got involved in this trade I would suggest moving stops to break even or taking partial profit.
Trade closed: target reached
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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.