0405 P3/8 AUDCHF be rejected again for 580 pips on its 5th wave

AUDCHF is being rejected again by the red resistance line.
This could make it drop down again on weekly chart for its new 5th wave which has a possibility of 580 pips .
My analysis is always based on weekly chart which could take a whole picture of the trend and would take weeks to finish.
Sometimes things could change during the process . Like the yellow 12345 that could break through the red trend line and make a reversal.
No one can make sure that wont happen.
So if you can stand a trade like this, you should keep on your 5m or 15m chart to trade.


LESS IS MORE!

Comment:

So OUR SIGNAL plan is to look for a new entry to SELL next week.