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jojofang0901
Nov 13, 2020 1:18 PM

AUDCHF reversal price action at top of the HTF structure  Short

AUD/CHFOANDA

Description

hello everyone:

AUDCHF has manage to push up to the top of the HTF structure from the previous double bottoms.

However, price has failed to continue higher, nor a continuation bullish correction was formed.

Instead we see price formed a reversal price action structure on the LTF, and a bearish pushed down from the top.

I would wait for a continuation correction to form here and look for possible entry to continue the bearish price all the way down to previous lows.

Thank you

Comment

Bearish reversal at top of structure, "M" reversal pattern
Comments
Mahtab_Tradia
Good Job, thanks for sharing 🙏🏻
InkyGrip
Appreciate your effort! Thanks my friend 🦐👏🏻
jojofang0901
@plancton0618, thank you, enjoy your analysis as always.
Fisher_Fx
very nicely and clear structure being marked out. Thanks
jojofang0901
@Fisher_Fx, thank you, :)
PolarHusk
Rejected at trendline resistance 🐻‍❄️🙏😊😃
jojofang0901
@PolarHusk, :) lets see how the market develops this week.
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