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TradingShot
Aug 31, 2023 10:26 AM

AUDCHF Buy signal within the Channel Down.Β Long

AUSTRALIAN DOLLAR / SWISS FRANCICE

Description

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The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line).

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Comments
jpeacockfx
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Nice longer term view of the market my friend, we love to see it. Lets see if you're correct!
mrAT_Trader
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perfect analysis
FirstNameHelen
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Keep sharing your great charts dear, I like your work
LegionQ8
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Nice shot! Awesome AUDCHF idea here!
Gold-Tech
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Thanks for your hard work, your idea can achieve results) Thanks friend)
WalterMoon
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Cool AUDCHF idea buddy
KlejdiCuni
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taking in consideration how the market is reacting it should work out pretty well.
DeGRAM
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Thank you for sharing your comprehensive analysis.
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