AUDCHF Possible Bullish Reversal

Nov 19, 2021

AUDCHF

Pair is bearish on 1D timeframe. Inverse Head & shoulder pattern might be early sign of bullish reversal.

Moreover, pair is testing major support area. It can move up on appearance of green piercing or bullish engulfing candle.

Buy entry may be taken with stop loss below right shoulder and target price around projection of head.

If price break below stop loss level, Setup will be invalid.

Thanks