AUDCHF Ascending triangle
AUDCHF has formed an ascending triangle on the daily cart and is currently around the support area
I am looking for a reversal in the 0.73220-0.73099 area
SL-0.72595
Below the trend line and low enough to be below the previous low on the hourly chart
TP- 0.745
First resistance area
TP2-0.75878
Second resistance area
TP3-0.75878
Just before top of triangle
As this is an ascending triangle price could break out of the flat side and push higher, if this happens i would wait for a pullback for a chance of entry
As always this is just an idea and any feedback would be widely appreciated:)
I am looking for a reversal in the 0.73220-0.73099 area
SL-0.72595
Below the trend line and low enough to be below the previous low on the hourly chart
TP- 0.745
First resistance area
TP2-0.75878
Second resistance area
TP3-0.75878
Just before top of triangle
As this is an ascending triangle price could break out of the flat side and push higher, if this happens i would wait for a pullback for a chance of entry
As always this is just an idea and any feedback would be widely appreciated:)
Kommentera:
TP3 Should be 0.77
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