Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : AUDCHF
Time-Frame : Daily
Biased :
Short term: Bullish
As price action shows , the major identified daily support trendline has been broken. Alongside a new lower low being formed and currently the market is beginning to pull back to retest the recent resistant and broken trendline . This is based of the green zone ( support zone ) holding for two days which is indication and signs of bearish momentum slowing down.
This provides a potential opportunity for a bullish intraday trade . Ill be keep an eye for potential entry criteria for upside .
Long term : Bearish
Currently price action is showing indication of a potential re-test of major structure break as the major recent low lows was broken alongside the trendline.
Once and if price action pulls back to the second circled area, alongside the red zone . I will be look for potential shorts if entry criteria occurs.
Pair : AUDCHF
Time-Frame : Daily
Biased :
Short term: Bullish
As price action shows , the major identified daily support trendline has been broken. Alongside a new lower low being formed and currently the market is beginning to pull back to retest the recent resistant and broken trendline . This is based of the green zone ( support zone ) holding for two days which is indication and signs of bearish momentum slowing down.
This provides a potential opportunity for a bullish intraday trade . Ill be keep an eye for potential entry criteria for upside .
Long term : Bearish
Currently price action is showing indication of a potential re-test of major structure break as the major recent low lows was broken alongside the trendline.
Once and if price action pulls back to the second circled area, alongside the red zone . I will be look for potential shorts if entry criteria occurs.