AUDCHF: Potential long trade on the daily and 4h charts
Time at mode analysis points to completion of a corrective move as price meets the profile balance point from the last high to mode distance, matching a downtrend signal timer expiration.
We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and price level.
Placing a market buy now, and looking to scale in if it continues to move up.
It's possible the RBA speech will introduce massive volatility, and I'm looking forward to it.
Will update with further entries and trailing stop opportunities.
Cheers,
Ivan.
We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and price level.
Placing a market buy now, and looking to scale in if it continues to move up.
It's possible the RBA speech will introduce massive volatility, and I'm looking forward to it.
Will update with further entries and trailing stop opportunities.
Cheers,
Ivan.
