Market Analysis - Page 48 - MyTradingLand.com

@nsg_usd - 4 hours ago

AUDCHF sell setup 📉

Higher-timeframe sellers are in control, and the 30M supply is holding price. I’m looking for the continuation lower.

Entry: 0.58011

SL: 0.58133

TP: 0.57293

AUDCHF is still bullish on the Weekly.
For short setups, I'll be waiting for Entry at 0.5882, and SL 0.5908 where price will form double top, making the shorts from that level a very high probability.
I'm not trusting the 4hr bearish channel at the moment although it is very valid.

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@nsg_usd - 3 hours ago

Quoted - godspowerdan

I closed out in profit because price started retracing

That's a good one.
I'm waiting for price to break above the internal resistance at 0.5601 then retest it to continue the buys. Then I'll position to join.
Entry: 0.5601
SL: 0.5582

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@godspowerdan - 3 hours ago

Quoted - nsg_usd

AUDCHF is still bullish on the Weekly.
For short setups, I'll be waiting for Entry at 0.5882, and SL 0.5908 where price will form double top, making the shorts from that level a very high probability.
I'm not trusting the 4hr bearish channel at the moment although it is very valid.

I am holding the sells

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@nsg_usd - 3 hours ago

Quoted - godspowerdan

I am holding the sells

No problem.
A break below the 0.5790 internal support level, will allow the sell to run freely downwards. but if price breaks above the 4hr high at 0.5820 which confluences with the bearish trend channel, then the rally will continue to my short entry level at 0.5872 and I'll have my invalidation level at 0.5907.

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