Short term bullish view on AUDCHF by ThinkingAntsOk
Main items we can see on the chart
a) The price has broken an ascending trendline
b) After the breakout, we can see a corrective structure (purple channel)
c) Inside the purple channel, we can see the price above an inner support resistance zone
d) There we can see a corrective Structure, Our expectation is that, if the price breaks above the structure we will observe a bullish movement towards the highest level of the channel
a) The price has broken an ascending trendline
b) After the breakout, we can see a corrective structure (purple channel)
c) Inside the purple channel, we can see the price above an inner support resistance zone
d) There we can see a corrective Structure, Our expectation is that, if the price breaks above the structure we will observe a bullish movement towards the highest level of the channel
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.