Audchf Sell order ...why? 1. The support was broken and a candle was completed, 2. it formed a flag pattern and at the same time it could be a triangle pattern, and both are continuation patterns... 3. Australian dollar currency index is going on a strong down trend This is my analysis, what do you think??
After giving a bit good correction, this stock may show a good move in short term, add it in your watchlist.
We have to wait till the market break the Liquidity then we can expect to sell from the Daily Supply. If the market continuously drop then we will consider to buy from the Daily Demand.
EURAUD is comming at the golden level and we also got a support zone it have good chances to push back