AUDCHF is sitting right at a key confluence zone. Price has already broken the daily trendline and is retesting inside the ascending channel.
On H4, we have a potential Shark/alt Bat completing around 0.5240, right at the channel support. This area is lining up with harmonic completion + structure support, so I expect buyers to step in. I’ll wait for H1 confirmation to avoid a trap, but the bias is bullish as long as 0.5215 holds.
Targets remain 0.5285 first, then 0.5320 if momentum continues.
On H4, we have a potential Shark/alt Bat completing around 0.5240, right at the channel support. This area is lining up with harmonic completion + structure support, so I expect buyers to step in. I’ll wait for H1 confirmation to avoid a trap, but the bias is bullish as long as 0.5215 holds.
Targets remain 0.5285 first, then 0.5320 if momentum continues.
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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.