TECHNICALLY THIS PAIR LOOKS LIKE ITS HEADING NORTH. PRICES HAS PRINTED A HIGHER HIGH, SO A HIGHER LOW IS EXPECTED. RESISTANCE IS AT WM3/MM3. BULLS WILL HAVE TO BE STRONG ENOUGH TO BREAK THAT RESISTANCE TO THE UPSIDE AND DRIVE PRICE ALL THE WAY TO WM4.

AUDCHF H4

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE IS BULLISH. RESISTANCE IDENTIFIED AT WM3 WHICH COINCIDES WITH MM3. SUPPORT IDENTIFIED AT WPP WHICH COINCIDES WITH MPP AND 38.2 & 50.0 FIB LEVELS. STOCHASTICS HEADING SOUTH. A BULLS PLAN WOULD BE TO BUY AT WPP/38.2 SUPPORT WHICH WOULD PROVIDE A TARGET OF WR2.

AUDCHF H4 POST TRADE PLAN

MY PLAN WAS TO BUY AT THE ROLE REVERSAL SUPPORT. PRICE BOUNCED OFF THAT SUPPORT AND BULLS BOUGHT AND PRICE WENT UP. THE TRADE IS CURRENTLY GOING GOOD, AND AS LONG AS PRICE IS HEADING UP I WILL LOOK FOR OPPORTUNITIES TO BUY. CURRENTLY UP 98 PIPS.

AUDCHF H4 POST TRADE PLAN UPDATE

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