TradingAlchemist

AUDCHF🤑Head and shoulders 📉

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
At this point, the price is finishing drawing the inverted head and shoulders pattern. It can be seen very well on the daily chart, it was expected that the price will reach the resistance level, but when the channel is broken through, the sellers pushed the price. So in connection with a false channel breakout, I expect a local fall right up to the center of the descending channel, but the general priority for now is to buy.

Have a nice trade!

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.