12-10-2022 _ Update Short Term Bearish Idea _ AUDCHF Daily
That’s an update on Short Term Bearish Idea _ AUDCHF Daily shared on 29-09-2022
1- The price action almost retraced to the Grey Support Zone as expected and then continued further lower towards 100% Fibo. Extension of the 2nd Wave.
2- In the due course of time it has also completed the Harmonic Pattern of AB=CD.
3- Since AB=CD pattern is almost complete; therefore, one can expect a pullback towards the support zone.
1- The price action almost retraced to the Grey Support Zone as expected and then continued further lower towards 100% Fibo. Extension of the 2nd Wave.
2- In the due course of time it has also completed the Harmonic Pattern of AB=CD.
3- Since AB=CD pattern is almost complete; therefore, one can expect a pullback towards the support zone.
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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.