Hey traders,
AUDCHF is trading in a bearish trend.
After the price reached 0.664 structure low,
we saw a pullback to 0.672 structure resistance.
What is so peculiar about the underlined yellow zone
is the fact that it was a previous lower low on a daily.
Chances will be high that the trend following move will initiate from that.
As a confirmation, I found a bearish breakout of a rising wedge pattern and h&s formation with
a neckline violation on 1H.
Intraday goals:
0.6685
0.6657
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.