Last week, our commentary on AUDCHF advised traders to go short which eventually our Target was met…(SEE HERE). However the last day trading candle ended up being a Pin Bar off key horizontal support region. In coming days we expect to see price rotate higher towards dynamic resistance region. It is also important to note that this is a counter trade setup.
Traders are advised to trade responsibly with proper money management.
After defying the bearish Fakey setup on our last commentary(SEE HERE) Price went high targeting resistance level which its inability to break higher left a PIN BAR off the resistance level….