In today’s analysis I spot four potential trade setups on AUD/USD, EUR/USD, USD/CHF, and EUR/AUD.
The AUD/USD long setup looks particularly good. I may take this long on the 6hr, however, it is also looking good on the 12hr, I will wait and see how this one plays out before making a decision. The EUR/USD setup also looks good, even with the larger upper wick of the preceding candle.
The USD/CHF long setup is not the best looking reversal setup, but looks aren’t everything when it comes to trade setups. The price action on USD/CHF is showing us that sellers are weakening and buyers are strengthening, so you should monitor this pair closely.
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