AUDCHF has been following this up trend since the COVID drop. Currently price is testing this TL and we have a break on the 8H.
Looking at the recent price action, we can definitely see that there has been some profit taking and there is a good possibility of a reversal at play.
The optimal entry for a long following the trend would be above 61% with a stop below 80%.
An optimal short would be on the retest and rejection of the trend line with a stop above 30%
Looking at the recent price action, we can definitely see that there has been some profit taking and there is a good possibility of a reversal at play.
The optimal entry for a long following the trend would be above 61% with a stop below 80%.
An optimal short would be on the retest and rejection of the trend line with a stop above 30%
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