Dear Traders, The AUD/CHF has formed a bullish SHS pattern and it looks like momentum is strongly bullish. 0.7100 zone might provide a bounce if 0.7080
Dear Traders,
The AUD/CHF has formed a bullish SHS pattern and it looks like momentum is strongly bullish.
0.7100 zone might provide a bounce if 0.7080 holds. We can easily see an inverted SHS pattern at the support, exactly at W L4 coupled with an ascending trendline. T-89 pattern suggests bullish continuation towards 0.7130 and 0.7145-53. Only if the pair breaks below 0.7075 we might see a deeper pullback into the neutral territory. So far, intra day charts are bought on dips, so look for a continuation of the bullish move.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips, Nenad Kerkez aka Tarantula FX
Elite CurrenSea
