AUDCHF-corrective pattern just finishing
An ABC structure is just finishing with this ending diagonal.
The price is rejecting from the strong round level 0.700. A bullish macd divergence in play.
We have also the 1.61 fib expansion of the AB leg
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 80% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to share ideas, have fun, learn and improve our performance.
The price is rejecting from the strong round level 0.700. A bullish macd divergence in play.
We have also the 1.61 fib expansion of the AB leg
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 80% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to share ideas, have fun, learn and improve our performance.