AUDCHF Short
Daily Bias Ranging
Fundamental Analysis
CHF bullish AUD Bearish
Price Action:
Price broken below the H4 S/R Level and close. Price has retrace back into the H4 S/R level and broken the H1 support level and close below it. Price is bearish from the H4 S/R Level. Price then break the H1 support level from ascending triangle. Price heading lower from price action.
Confluence:
Higher TF (W/D/H4) - Broken support level, getting close to bearish trendline
Lower TF (H1/M30/M15) - broken S/R level and broke support trendline of ascending triangle
Set up: Short trade at the S/R level H1 with SL above H1 swing high. TP at Range support level R:R 1:4
Fundamental Analysis
CHF bullish AUD Bearish
Price Action:
Price broken below the H4 S/R Level and close. Price has retrace back into the H4 S/R level and broken the H1 support level and close below it. Price is bearish from the H4 S/R Level. Price then break the H1 support level from ascending triangle. Price heading lower from price action.
Confluence:
Higher TF (W/D/H4) - Broken support level, getting close to bearish trendline
Lower TF (H1/M30/M15) - broken S/R level and broke support trendline of ascending triangle
Set up: Short trade at the S/R level H1 with SL above H1 swing high. TP at Range support level R:R 1:4
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