Bullish bias on AUDCHF
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Welcome traders,
in the previous idea we had a suggested DB pattern on this pair but it didn't complete ;so after re-analysis a Double top was in play and the target has been achieved successfully last week.
Now as we can see the price has made a deep correction to the neckline of the iH&S pattern retesting it & the broken descending channel , We can look for LTF to see a bullish opportunity and open positions towards the targets of the HTF patterns at around 0.71
an hourly chart :
Good luck and safe trading.
in the previous idea we had a suggested DB pattern on this pair but it didn't complete ;so after re-analysis a Double top was in play and the target has been achieved successfully last week.
Now as we can see the price has made a deep correction to the neckline of the iH&S pattern retesting it & the broken descending channel , We can look for LTF to see a bullish opportunity and open positions towards the targets of the HTF patterns at around 0.71
an hourly chart :
Good luck and safe trading.
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