[AUDCHF] POTENTIAL HARMONIC STRUCTURE IN PLAY

Potential consolidation in short term for this pair....

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Comment:

No change from the technical point of view, the pair reached our setup area, and right now it is developing a pullback. We can not even move the stop loss to breakeven, but today’s close could give us more information about the current trend. The main support is around 0.7650, and a daily close below it, could trigger an interesting sell-off.

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Good day Traders, I do not know if it may affect, but here, we have a potential megaphone pattern, if you do not know how to trade it, try to take a look at the chart below.

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The trend has returned bearish on intraday chart, and right now it has reached daily support around 0.7620. From a technical point of view there are no changes, but finally we can move the stop to breakeven and let the position run.

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Trade closed: target reached:

TARGET 1 HIT|

Trade closed: target reached:

TARGET 2 HIT!

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The pair is still interesting in the short term ...

Comment:

Bearish trend still in play....