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Two scenarios on AUDCHF by ThinkingAntsOk
Australian Dollar / Swiss Franc
Two scenarios on AUDCHF by ThinkingAntsOk
By ThinkingAntsOk
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Aug 12, 2020
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Aug 12, 2020
Main items we can see on the chart:
a)
The price broke an ascending trendline and formed a corrective structure
b)
After that, we had a breakout of the previously mentioned structure and a small correction
c)
Based on that small correction we have two scenarios
d)
If the price breaks below the small correction we expect a bearish movement towards the lower trendline of the weekly channel
e)
If the price breaks above the small structure we expect a bullish movement towards the higher 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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