Hello, i think the AUDCHF has not bottomed yet. The structure seems not complete yet according to EW (see below).
From the technical perspective, looking at D1 chart we have price bouncing from de middle of channel and strong S/R
Here on H4 chart:
- ema 200 acting as resistance
- multiple tops
- bearish divergence on AO
- potential wave 4(see below)
Structure seems not complete yet:
Trendline resistance
Regards.
From the technical perspective, looking at D1 chart we have price bouncing from de middle of channel and strong S/R
Here on H4 chart:
- ema 200 acting as resistance
- multiple tops
- bearish divergence on AO
- potential wave 4(see below)
Structure seems not complete yet:
Trendline resistance
Regards.
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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.