AUDCHF retested broken D1 Resistance TL which now stands for mirror Support TL. Also on Test this pair has made Double Bottom pattern which gives a trend reversal confirmation. After breaking and closing above the neckline of Double Bottom Price is now retracing back and testing the broken neckline and currently market is forming "Harami" Price action candlestick pattern confirmation signal. Also price is about to get rejected from the 61.8 level of fibonacci. Once Price breaks and closes above the "HARAMI" Price action pattern im looking to long this pair.
Reason #1: Retest to D1 Broken Resistance TL
Reason #2: Double Bottom at retest the major TL
Reason #3: Price is testing broken neckline of DB
Reason #4: Test of 61.8 Fibonacci reversal level
Reason #5: RSI Bullish Divergence wave
Reason #6: "HARAMI" Bullish Breakout ? (Not completed yet) once it completes I will take long on this pair
Reason #1: Retest to D1 Broken Resistance TL
Reason #2: Double Bottom at retest the major TL
Reason #3: Price is testing broken neckline of DB
Reason #4: Test of 61.8 Fibonacci reversal level
Reason #5: RSI Bullish Divergence wave
Reason #6: "HARAMI" Bullish Breakout ? (Not completed yet) once it completes I will take long on this pair