The price is currently at the bottom of its long-term channel, and in the event of a short-term trend line breaking, very good price targets were set.
this is what I see but should wait for confirmation and manage your RISK.
If the downtrend line is broken, the price can be expected to rise
In the monthly trend, we see a collision with the ceiling and a return of prices We are in the monthly trend close to the bottom of the trend, which should be broken from the bottom according to the general price trend Also in the daily trend, the chart is moving down So the sale offer can be considered
In the chart we can see that the price reacts to its trend line as before. There is also a strong resistance area that we expect to change direction in this area But wait for confirmation to enter the Trade Manage risk
Wait for the exit confirmation and pullback to enter the trade and Manage Your Risk
If the trend line breaks, it can reach the neck line from above After confirming that the neckline is broken, it will follow the pattern of the head and shoulders. Don't forget risk management. Get rich
just wait for confirmation. if price break trend line => wait for pullback if price go down => get short position
now what do u think ? I tried to use a BIG PICTURE as much as possible, but in great detail. I used Fibonacci to identify PRZ areas. In addition, pivot lines have been used. Important areas of support and resistance are also considered. But do not forget, any scenario is possible.
What do u think? I think we can wait for the next price move. The price has recently broken a very long downtrend and is still in the decision stage. But it is expected to hit the downtrend line and move down. The only problem is the existence of a HL .
If we stand back, we can see a relatively strong downtrend that is now at its third peak. In the short-term uptrend, the price was able to break its trend line. If you are trading in the long run, let the resistance line break and then enter the trade.
please consider Risk/Money Management wait for pullback, then Enter. EVERYTHING IS POSSIBLE.
This is what I see in AUDCHF Fibonacci in multi + Sup/Res Line + Pivot + Trend Line Write me your opinion
don't zoom and everything make sense. this is my opinion what is yours? tell me pls!
Please Do not forget Risk management. you can use Trailing Stop or regular one
if chart stay in down ward trend, price can touch the GOALs TP is 88690 TP 2 is 87780 if the the first TP reach and after a pullback TP2 is touchable. SL is 89700 and do not forget set SL