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AUDCHF continues with Upward Momentum

Month to Month on the D1 charts, price has been showing a consistent stacking up of boxes with higher highs and higher lows.

 

AUDCHF prints higher highs and higher lows on D1

AUDCHF prints higher highs and higher lows on D1

Week to Week on the H4 charts, a 1234 pattern can also be seen.

 

H4 1234 on AUDCHF with key resistance to clear

H4 1234 on AUDCHF with key resistance to clear

It is important to note that there was a previous downward WRMB. Only a close above the highest H4 box high in the range would the WRMB be invalidated. This level is also a confluence of F6 level (pt1 to pt4) as well as a previous year low (yr 2004 low).

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2 thoughts on “AUDCHF continues with Upward Momentum”

  1. William Ang Yong Ching says:

    AUD CHF LAST WEEK HAS CLOSEE ABOVE 0.8480 AND D1 IS ABOVE F6.

    1. Jerome Lee says:

      Yep, look for a retracement to previous boxes high as support in the form of a 1234 as potential entry as entering on the H4/D1 pattern would mean a big SL.

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