AUDCHF 1HRS TIMEFRAME CHART
1HRS TIMEFRAME
Overall trend: Downtrend pattern
Pattern Used: downward channel pattern and harmonic pattern
An indicator used: 20 EMA
Analysis: it broke the zone during the bearish movement from price level @0.65750 to @0.65180. It retests the zone @0.65420 and now retraces using the zone as resistance.
alternate analysis: at this point, it can keep maintaining its bullish movement to price level @0.65600 and retrace back to continue its bearish movement.
Overall trend: Downtrend pattern
Pattern Used: downward channel pattern and harmonic pattern
An indicator used: 20 EMA
Analysis: it broke the zone during the bearish movement from price level @0.65750 to @0.65180. It retests the zone @0.65420 and now retraces using the zone as resistance.
alternate analysis: at this point, it can keep maintaining its bullish movement to price level @0.65600 and retrace back to continue its bearish movement.
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