AUDCHF 1H

11 мая 2020 г.

Two reactions don’t make a trend. However, we are at both a horizontal support, a potential third reaction of this ascending line. We are also oversold on the 1H.

If we can make a break back up, there might be opportunity to get into a long position. If this current candle is a back test and then followed by a red candle, I’m thinking we come back down to the support/resistance from Mar 2020.

The next two to three candles are important!

13 мая 2020 г.

Заметка

Broke to the down side. Looks like we could be forming a price channel. Wait for the current bar (red on chart atm) to close before confirming price channel.