Hi Traders! AUDCHF trend line break provides buy opportunity for us. A detailed analysis of this perfect buy setup is as follows:
AUDCHF H4 Chart:
On the H4 chart we had a good downtrend line and the price which was respecting this dynamic resistance so far has broken above it. We may now look for pullbacks to happen and then we can start looking for buys with bullish evidences. If the price creates a hidden bullish divergence then it to would be an ideal scenario and will provide an extra confirmation for us.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.Advertisement
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