Lingrid | AUDCHF potential CHANNEL breakout. Short

604
The price perfectly fulfilled my last idea. It hit the target zone. The overall trend for AUDCHF remains bearish, particularly after recently bouncing off a resistance zone following the formation of a head and shoulders pattern. Additionally, the market has broken below the previous day's low after a daily long-tailed bar, which indicates rejection of higher prices. Given these factors, I believe the market is positioned to break through the lower boundary of this channel, potentially signaling a continuation of the bearish momentum. My goal is support level 0.56150

Lingrid | AUDCHF bearish Continuation from RESISTANCE zone


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.