mrleh

AUDCHF Longs in play?!? Broke trendline!

Long
mrleh Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF broke out of the trendline and retested the trendline on the 4h chart. I want us to enter the BUY now yet we need to see what type of candle the pair will create for us on the daily timeframe. Indecision candle could be a good indication it'll move from a point. It's looking clear it'll close above the trendline so we'll enter a BUY when the new trading day comes around.
Trade active:
Daily closed above the trendline and also retested, looking good for buys. London and New york session is coming up so our stop loss will be a tad bigger.

AUDCHF BUY
start: 0.68061
stop loss: 0.67352
take profit: 0.71556


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