AUDCHF forex cross pair presented a great trade opportunity last January 2022 on the H4 timeframe. Below, you can see a screenshot of AUDCHF forex cross-pair shared with all members of Set and Forget online trading academy.
See below AUDCHF (Australian Dollar versus Swiss Franc) H4 analysis using supply and demand imbalances.
A few hours later, the AUDCHF live chart forex cross pair pulled back to the entry posted for the H4 timeframe using a screenshot taken from the community and trading view H4 timeframe.
As supply and demand traders, we do not need to pay attention to the news or fundamental analysis. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings, the underlying stock drops like a rock or a negative earnings announcement, and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
Unless you are doing very short-term trading and scalping, you should not worry about fundamental analysis for Forex cross pairs like AUDCHF.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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