🟢 Pair: AUD/CHF
🟢 Technical Pattern: Double Bottom
🟢 Confirmation Signal: Bullish Divergence (on RSI/MACD)
🟢 Market Bias: Trend Reversal – Bearish ➡ Bullish
Analysis:
AUD/CHF has formed a clean double bottom pattern around a key support zone, indicating potential exhaustion in the downtrend. This is further supported by visible bullish divergence on the oscillator (RSI/MACD), suggesting a possible momentum shift to the upside.
Note: Wait for confirmation via neckline break or bullish candle close above resistance before entering.
#AUDCHF #DoubleBottom #BullishDivergence #ForexAnalysis #TrendReversal #PriceAction #TechnicalAnalysis #TradingView #ForexSetup #ReversalTrade
🟢 Technical Pattern: Double Bottom
🟢 Confirmation Signal: Bullish Divergence (on RSI/MACD)
🟢 Market Bias: Trend Reversal – Bearish ➡ Bullish
Analysis:
AUD/CHF has formed a clean double bottom pattern around a key support zone, indicating potential exhaustion in the downtrend. This is further supported by visible bullish divergence on the oscillator (RSI/MACD), suggesting a possible momentum shift to the upside.
Note: Wait for confirmation via neckline break or bullish candle close above resistance before entering.
#AUDCHF #DoubleBottom #BullishDivergence #ForexAnalysis #TrendReversal #PriceAction #TechnicalAnalysis #TradingView #ForexSetup #ReversalTrade
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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.