AUDCHFShort-term Trading Idea
For today - AUDCHF is approaching support where we expect a bounce above this level
Aduchf
AUDCHF CD Leg potential cypher pattern looks in the making.
price make an inverted head and shoulders targetting CD leg completion.
on the bigger TF we have complete Gartley pattern.
AUDCHF SHORT TERM OUTLOOKAs price have pulled back right in to the 61.8% fib level, which is lining up with the MIDAR R1 Curve, 50 Day MA and 200 Day MA a move to the downside seems most feasible. Look for a bearish candle and a close BELOW the T-line of the 4hr time frame before going short, as this would confirm that a change in investor sentiment have taken place. The T-LIne is the 8 EMA .
For clarification, I mean January 2016 high, NOT January 16th in regards to where MIDAS was launched.
