Feeling Long for AUDCHF
Why will I enter?!
Daily: Price is in a support zone. Stochastic is at the bottom of the stochastic. This tells me that price should test resistance soon. Used Fib to track up to 50% of most recent high which near the resistance zone.
4 Hour: Stochastic is approaching the top of the line. This would normally tell me that price should test the resistance after price drops more.
1 Hour: Stochastic is approaching the bottom of the line. This tells me that price should test the support again. However, there are no new lows being created.
15 min: Stochastic is approaching the bottom. Tells me that price should rise at some point. No new lows being created.
5 min: Stochastic is approaching the top and hasn’t broke previous low.
• Set Buy Stop @ 74.797 or Buy Limit @ 74.377
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
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