AUD/CHF UPDATE
Upto so far my AUD/CHF forecast has been going according to plan and the market has been kind to us. A potential Upside down H&S is expected for this week,with the left shoulder and head already formed and now(dashed yellow line refence) in the midst of the right hand upside down shoulder formation.
I expect the market to make a weekly low at about 0.57523 mark of the 0.236 fibo level as the retracement level before the 3rd buy trade/position can be executed (Of course within proper risk management parameters) and our initial 0.58602 mark as our safest/maximum TP mark.
Trade safely and use proper risk management to avoid unforseen circumstances
I expect the market to make a weekly low at about 0.57523 mark of the 0.236 fibo level as the retracement level before the 3rd buy trade/position can be executed (Of course within proper risk management parameters) and our initial 0.58602 mark as our safest/maximum TP mark.
Trade safely and use proper risk management to avoid unforseen circumstances
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.