Hi Guys,
The AUD CHF pair is facing some strong selling pressure and has printed what looks like atriple top.
The pullback will lead into possible strong support areas due to the nice climb the pair has had of late.
The dark green boxes highlighted are both demand zones and the first box also has the anchored vwap from the first low and the anchored vwap from the third low, which should along with the demand zone prove to be a nice area to enter long.
The first green box is also a little below 61.8 retracement of the swing low to the high.
Safe trading all.
The AUD CHF pair is facing some strong selling pressure and has printed what looks like atriple top.
The pullback will lead into possible strong support areas due to the nice climb the pair has had of late.
The dark green boxes highlighted are both demand zones and the first box also has the anchored vwap from the first low and the anchored vwap from the third low, which should along with the demand zone prove to be a nice area to enter long.
The first green box is also a little below 61.8 retracement of the swing low to the high.
Safe trading all.