AUDCHF on the 1-hour chart is respecting a contracting triangle pattern 🔺 and showing bullish intent.
From a 4hr perspective:
- Fair Value Gap + Strong Volume Zone 🟧 above price
- Safe Target: 0.52830
Key Observations:
- CHoCH waiting for confirmation (bullish structure)
- BoS expected above the triangle top
- Current pullback holding near Fib 0.382 – 0.5 (0.52300 – 0.52220)
Plan:
- Watching for bullish breakout and continuation to 0.52830 (≈ 60 pips) 🎯
- Support area near 0.52000 – 0.52100 should hold for bullish scenario
- Break below 0.52000 invalidates
Reasoning:
- Contracting triangle breakout pattern 🚀
- Strong volume-based Fair Value Gap above
- 4hr structure supports bullish continuation
(Personal chart study, not financial advice)
From a 4hr perspective:
- Fair Value Gap + Strong Volume Zone 🟧 above price
- Safe Target: 0.52830
Key Observations:
- CHoCH waiting for confirmation (bullish structure)
- BoS expected above the triangle top
- Current pullback holding near Fib 0.382 – 0.5 (0.52300 – 0.52220)
Plan:
- Watching for bullish breakout and continuation to 0.52830 (≈ 60 pips) 🎯
- Support area near 0.52000 – 0.52100 should hold for bullish scenario
- Break below 0.52000 invalidates
Reasoning:
- Contracting triangle breakout pattern 🚀
- Strong volume-based Fair Value Gap above
- 4hr structure supports bullish continuation
(Personal chart study, not financial advice)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.