AUDCHF (1D Timeframe) Analysis
Market Structure:
The price is currently testing a descending trendline resistance, which has consistently acted as a barrier to upward movement. This suggests the potential for selling pressure to emerge at this level.
Forecast:
A sell opportunity may arise if the price fails to break above the trendline and shows signs of rejection, indicating a likely move to the downside.
Key Levels to Watch:
Entry Zone: Near the trendline resistance after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the trendline resistance or recent swing high to minimize risk.
Take Profit: Target the next support levels or Fibonacci retracement zones for potential downside movement.
Market Sentiment:
The price action at the trendline indicates bearish sentiment, with sellers likely to dominate if the resistance holds firm.
Market Structure:
The price is currently testing a descending trendline resistance, which has consistently acted as a barrier to upward movement. This suggests the potential for selling pressure to emerge at this level.
Forecast:
A sell opportunity may arise if the price fails to break above the trendline and shows signs of rejection, indicating a likely move to the downside.
Key Levels to Watch:
Entry Zone: Near the trendline resistance after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the trendline resistance or recent swing high to minimize risk.
Take Profit: Target the next support levels or Fibonacci retracement zones for potential downside movement.
Market Sentiment:
The price action at the trendline indicates bearish sentiment, with sellers likely to dominate if the resistance holds firm.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
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.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
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.