We could have a possible sell fro AUDCHF.
Based on higher TF, the market is reacting to a major level.
The daily TF shows an impulse to the downside and is currently reacting to the 0.6 Fib area. On the 4hr TF, there’s break of structures plus a 4hr double top formed at the fib area which could lead to possible sell. Another confluence is the RSI div
Let’s see how this will play out.
Based on higher TF, the market is reacting to a major level.
The daily TF shows an impulse to the downside and is currently reacting to the 0.6 Fib area. On the 4hr TF, there’s break of structures plus a 4hr double top formed at the fib area which could lead to possible sell. Another confluence is the RSI div
Let’s see how this will play out.
Yorum:
Will close this trade and wait for another entry opportunity in the coming days