AUDCHF 4HR TIMEFRAME
Market Structure: BULLISH
I am looking for buy setups on the 4hr for AUDCHF.
Ascending Channel pattern is happening on the 4HR chart. Since market structure is bullish I'm looking for Buy setups. This looks like it may take a while until structure fully breaks towards the upside.
However, if it breaks towards the downside of the Ascending Channel, I'm looking for a rejection, and a sell candle closing under the pink line.
TPS Are labeled on the blue lines.
Always place SL under where price broke structure.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects after TP1, goes toward entry, then back to smashing the TPS.
I am looking for buy setups on the 4hr for AUDCHF.
Ascending Channel pattern is happening on the 4HR chart. Since market structure is bullish I'm looking for Buy setups. This looks like it may take a while until structure fully breaks towards the upside.
However, if it breaks towards the downside of the Ascending Channel, I'm looking for a rejection, and a sell candle closing under the pink line.
TPS Are labeled on the blue lines.
Always place SL under where price broke structure.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects after TP1, goes toward entry, then back to smashing the TPS.