Potential Long Opportunity for AUDCHF

20 Apr 2020

I think this is an interesting setup that will bring us a high probability trade if it plays out. Currently we are on a long-term rising trend. I am looking for price to break above the identified purple short-term trend to look for long opportunities. TP can be set at previous swing high. I believe this to be a high probability trade because we are trading with the trend. This is a short-term trade and we will need to see the pair's reaction at the previous swing high level before deciding what to do.