AUDCHF POSSIBLE BEARS
Looing at tis pair from the Monthly TF i noticed how it closed strongly bearish, going down to the Weekly TF i also noticed we're in a bearish momentum so i took the opportunity to place my fibonnaci retracement tool on the swing high to low in which i noticed the 38..2% fib. ratio has obviously been rejected
Looking closely at the Daily TF i noticed how the candle closed as a bearish engulfing and also i noticed an M formation which is more confluence for my bearish bias and also i was a able to plot a trend line which has been broken so i'm bearish all the way on AUDCHF expecting to gain 100 and 275pips respectively...
Looking closely at the Daily TF i noticed how the candle closed as a bearish engulfing and also i noticed an M formation which is more confluence for my bearish bias and also i was a able to plot a trend line which has been broken so i'm bearish all the way on AUDCHF expecting to gain 100 and 275pips respectively...
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