AUDCHF found resistance

Good Morning Dynamic Traders

I hope you're all enjoying your trading week. I've taken a bit of a back seat with trading this week due to the run up to Christmas. Not to say I haven't been keeping a watchful eye on certain pairs.

NZDCAD mentioned last week has attempted another retest of the H&S neckline. For the H&S to take shape it has to contend with the all powerful VI looming below - so anything could happen. However, for a potential reversal tradeI'm looking for a BOB of the VI.

EURNZD found resistance at the cluster above and retraced - we're back at the TL again. A BOB of the previous low and we may see a continuation with the downtrend.

Checking in on AUDCHF we can see price found it difficult to break the former resistance/9500 mark. So with the recent indecision candle, overbought ST and a bearish few days, we could have a DT situation on our hands. The trend is still up so my preference is a trade with the trend - but with the right strategy there could be some short term reversal profits to be taken - at the moment we're still in the range zone for the DD reversal strategy. For a longer term reversal trade, I'm looking for a BOB of the VI/Figure cluster.
















Successful trading!
Sonia Molina