AUDCHF

٣ مارس ٢٠٢٣

Good morning, folks, let's close the week strong, here's a setup which I deem a high probability. As we can see the market has formed for us a falling wedge pattern, inside the wedge we can see we have been presented with a corrective descending channel reversal pattern indicating the sellers have been losing momentum, to top it off we have reached our support level. Currently we can see the market has formed a bullish flag as a signal of continuation to the upside, How I would position myself into this trade, I would wait for the flag to be broken then wait for entry confirmation as to my trading plan.