AUD/CHF
Date: March 30, 2016
H4 Graph: Long Trend and correction in short term triangle
Correction to horizontal support at 0,7300 tested 3 times and correction in a triangle with Bullish Bar closed above it /Break up/.
The price remains above the horizontal support and FIB Фибо 38,2 and now is above the triangle.
Alternate Scenario:
If the price moves lower and passes below horizontal and diagonal support, this will cancel the bullish scenario.
Technical Indicators:
CCI (50) D1 - May move above 100
DEM (14) D1 - Still not in overbought zone
Price for Entry/Long around: 0,73650
SL: 0.7300
Jr. Trader - S. Fuchedzhiev
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