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Audchflong

Setting up for next Impulse Hi Traders, AUDCHF has been consolidating since December in a larger channel which now the price is approaching the HTF upper boundary moving within a LTF corrective channel. If we look where the first impulse began, we can see that the price made a double top which then impulsively pushed down with a bearish continuation to give more room to fall. After a strong Impulse comes a correction and as we know, the more swing highs & lows it creates gives us confluence for another impulse movement. Watch for a strong rejection with LTF bearish price action to catch the next impulse phase. What's your view on this pair? Share a comment below. Support me by clicking the like button If you feel this idea was helpful ! Trade Safe.
Short
by ktlfx
2
💡Don't miss the great buy opportunity in AUDCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6626). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.6671 TP2= @ 0.6695 TP3= @ 0.6715 TP4= @ 0.6731 TP5= @ 0.6758 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
8