FullTimeTrader
Short

AUDCHF-multiple tops with divergence

FX:AUDCHF   Australian Dollar/Swiss Franc
529 1 15
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
snapshot


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:

snapshot


Trendline resistance
snapshot


Regards.



APosner PRO
a year ago
I agree...lower prices are coming.
snapshot
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