AUDCHF is about to complete a head and shoulders pattern.
We see the right shoulder slightly above the left shoulder, often a high probability indicator of a liquidity sweep before the drop.
Sell volume has increased considerably after the head. An important factor in the pattern.
The market is very risk-off because of the shutdown, french politics, UK fiscal problesm, etc.
Hard to see a better scenario for a sell AUDCHF... which reflets market sentiment
We see the right shoulder slightly above the left shoulder, often a high probability indicator of a liquidity sweep before the drop.
Sell volume has increased considerably after the head. An important factor in the pattern.
The market is very risk-off because of the shutdown, french politics, UK fiscal problesm, etc.
Hard to see a better scenario for a sell AUDCHF... which reflets market sentiment
Penafian
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Penafian
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.