AUDCHF BULLISH CONTINUATION SETUP
Hi Traders,
The AUDCHF reversed from a major descending channel and horizontal support level and made an impulsive move higher labeled "Wave 1 or A," which broke out minor descending trend line and resistance level.
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This pair seems to completed building bearish ABC zigzag corrective chart pattern labeled "Wave 2 or B," at an important confluence level which could indicate a continuation of the uptrend.
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Considering that the price has broken our CTL after reversing from the confluence area, this pair has met our criteria for long entry.
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The take profit levels are projected on the chart accordingly.
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Best of luck on the chart,
Veejahbee.
The AUDCHF reversed from a major descending channel and horizontal support level and made an impulsive move higher labeled "Wave 1 or A," which broke out minor descending trend line and resistance level.
.
This pair seems to completed building bearish ABC zigzag corrective chart pattern labeled "Wave 2 or B," at an important confluence level which could indicate a continuation of the uptrend.
.
Considering that the price has broken our CTL after reversing from the confluence area, this pair has met our criteria for long entry.
.
The take profit levels are projected on the chart accordingly.
.
Best of luck on the chart,
Veejahbee.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.