AUDCHF is forming a potential sell setup. The pair has been respecting the regression channel on the 4-hour chart for some time.
Price is currently trading near the upper boundary of this channel, showing consistent rejection in previous attempts to break higher.
This suggests that the market structure still favours selling pressure at the top of the channel.
However, the RSI is not yet in the overbought zone. This means that the momentum has not reached an exhaustion point. I would expect a final upward push before sellers gain stronger control. Waiting for this last move allows for a better entry and reduces the risk of entering too early.
A sell trigger becomes more reliable once price taps the resistance zone of the regression channel and RSI moves closer to overbought levels.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.