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DeGRAM
Nov 3, 2020 7:51 AM

AUDCHF update idea - growth Long

Australian Dollar/Swiss FrancFXCM

Description

In my September 16 forecast, we discussed that the price made 2 false breaks of a strong resistance line, but failed to break it.
And they waited for a fall to the support line.

After this goal was achieved, I made a forecast on October 26, where I expected the price to rise to the resistance line and then fall.
At the moment, the price has made half the way to the previous target - it has grown.

However, I am correcting my idea.
There is a strong support line on the chart (appeared in 2015). The price is on it.

Now I expect the price to rise from the support line to the resistance line (also strong).

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
forexboat
Thanks for sharing. Nice analysis
TradingAlchemist
waiting for the price to reach resistance. thank
DeGRAM
@TradingAlchemist, Welcome bro
Solldy
I respect your work!
DeGRAM
@Solldy, Welcome
neifindsiful1970
you are the best trading coach!
DeGRAM
@neifindsiful1970, Thanks for words
Lingrid
The price is now moving between the lines - thanks for the job
DeGRAM
@Lingrid, Yes. Thank you
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