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Bullish and Bearish Scenario on AUDCHF by ThinkingAntsOk
Australian Dollar / Swiss Franc
Bullish and Bearish Scenario on AUDCHF by ThinkingAntsOk
By ThinkingAntsOk
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Aug 5, 2020
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Aug 5, 2020
Main items we can see on the chart
a)
The price has broken a descending trendline
b)
After that, we can see a corrective structure (purple lines)
c)
Corrective Structures tend to solve in the same direction of the previous impulse
d)
However, we have 2 scenarios here in case the analysis does not go as expected
e)
Short Scenario: The price should reach the lower trendline of the Weekly Channel
f)
Long Scenario: The price should reach the higher trendline of the weekly channel
aud
AUDCHF
chf
Forex
fx
Multiple Time Frame Analysis
Support and Resistance
swingtrading
Trend Analysis
ThinkingAntsOk
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