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AUDCHF are we close to a bearish movement?
Australian Dollar / Swiss Franc
AUDCHF are we close to a bearish movement?
By ThinkingAntsOk
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Sep 29, 2020
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Sep 29, 2020
Main items we can see on the chart:
a)
The price broke an ascending trendline
b)
After that, we can see a huge corrective channel (purple lines)
c)
Currently, the price made a small breakout, and we can see a slight correction on the edge of it.
d)
IF the price breaks below the structure and reaches the red line, we will take it as a solid confirmation of the short view
e)
Our Target will be the lower trendline of the weekly channel
aud
AUDCHF
chf
Forex
fx
Multiple Time Frame Analysis
Support and Resistance
swingtrading
Trend Analysis
ThinkingAntsOk
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