Hi there everyone,
As you can see AUDCHF is on a downtrend for quite sometime. Right now I have spotted 2 Hidden divergences on the given S&D zone. It is highly likely to drop down to first target before it make any move to either further down or higher. I have strong short bias due to the confluence of many technical factors. In a conservative approach I will wait for the pair to make another test to the zone and with a reversal candlestick pattern I will take a trade. I think it has a very good potential and a great R:R ratio. Stay green.
As you can see AUDCHF is on a downtrend for quite sometime. Right now I have spotted 2 Hidden divergences on the given S&D zone. It is highly likely to drop down to first target before it make any move to either further down or higher. I have strong short bias due to the confluence of many technical factors. In a conservative approach I will wait for the pair to make another test to the zone and with a reversal candlestick pattern I will take a trade. I think it has a very good potential and a great R:R ratio. Stay green.