AUDCHF Support n Reistance 161019
Price is currently at a small support zone.
Structure is still Bullish for now.
We are expecting price to retest the purple trend line.
It would be best if it is at the circled zone for confluence with other support factors.
Monitor PA for an entry.
Trade invalidates when daily price closes below trend line (for now)
R:R is 1:2 for TPZ 1 (previous highs)
and 1:2.9 for TPZ 2 (end of arrow)
Structure is still Bullish for now.
We are expecting price to retest the purple trend line.
It would be best if it is at the circled zone for confluence with other support factors.
Monitor PA for an entry.
Trade invalidates when daily price closes below trend line (for now)
R:R is 1:2 for TPZ 1 (previous highs)
and 1:2.9 for TPZ 2 (end of arrow)
Trade closed: target reached
Both Targets hit. Thank you for your eye time.
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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.