Very solid entry to long AUDCHF for a LONG PERIOD OF TIME.
You would get paid for holding such pair, and this is a perfect entry on daily and weekly time frames
The entry is not confirmed on smaller time frames yet, so you should trade with care and with small position size / low leverage.
Alternatively, you could enter with small position size right now (at a cheap price) and add to the long positions once the momentum and price starts gaining bullish grounds.
You would get paid for holding such pair, and this is a perfect entry on daily and weekly time frames
The entry is not confirmed on smaller time frames yet, so you should trade with care and with small position size / low leverage.
Alternatively, you could enter with small position size right now (at a cheap price) and add to the long positions once the momentum and price starts gaining bullish grounds.
Note
Trade active
Entry identified on the 15min and 1hour chart. Price - RSI divergence just at the significant level.TP at top of range 0.7700
SL below the significant zone at 0.7240
Note
We are seeing strong bullish breakout. Its another signal to add to the long trade, but I personally do not like to add to the trade after its entry. It does not work for me.Buckle up, it is heading to the mooooooon xD.
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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.