AUDCHF Buy bias
Confluences
- From previous analysis you can see that sellers failed to drive the market down after forming a pennant pattern at resistance. Instead we made an impulsive move to the upside
- Price is in bullish market structure on the 1hour timeframe making higher highs and higher lows
- Strong daily bullish engulfing giving us our bias
- From previous analysis you can see that sellers failed to drive the market down after forming a pennant pattern at resistance. Instead we made an impulsive move to the upside
- Price is in bullish market structure on the 1hour timeframe making higher highs and higher lows
- Strong daily bullish engulfing giving us our bias
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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.