This is my personal analysis for AUDCHF, on the daily TF market has been trending bearish with 3 touches on the daily TF trendline, narrowing down to the 4 hour market made a double buttom followed by a fake - out. The pair has aggressively been bullish since the double buttom confirmation and currently at a confluence of two resistance namely
1. The previous high with a heavy bearish hammer rejection and 2. The daily bearish trendline. The bears have creeped in and pushing the pair down, i will prefer to enter a short with a bearish confirmation candle stick on the 4 hr.
1. The previous high with a heavy bearish hammer rejection and 2. The daily bearish trendline. The bears have creeped in and pushing the pair down, i will prefer to enter a short with a bearish confirmation candle stick on the 4 hr.