back at bottom of that zone, will it be a break down or continue in the zone
Still sideway but possible breakout lower with head shoulder form develop
We are expecting AUDCHF to keep going down further with small corrections. It has potential for more down, so wait for the sell setup next week and sell again. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and...
the pair is still in a consolidation phase and there is possibility to short, but only after breakout confirmation
wedge breakout indicating possible continuation in sells.
4hr is a downtrend. A retest on 1hr will allign with the 4hr to continue the short. Good Luck
Make your research and be safe out there.
price move on Ascending channel and making AB=CD pattern
On AUDCHF 30 minutes chart, I can spot an ascending triangle on the chart which indicates that buying pressure is high. I get Take Profit at 0.65629 and if price comes back to hit 0.65270, the trade will be invalid (Stop Loss).