Two scenarios on AUDCHF by ThinkingAntsOk
Main items we can see on the chart:
a) The price broke an ascending trendline and formed a corrective structure
b) After that, we had a breakout of the previously mentioned structure and a small correction
c) Based on that small correction we have two scenarios
d) If the price breaks below the small correction we expect a bearish movement towards the lower trendline of the weekly channel
e) If the price breaks above the small structure we expect a bullish movement towards the higher trendline of the weekly channel
a) The price broke an ascending trendline and formed a corrective structure
b) After that, we had a breakout of the previously mentioned structure and a small correction
c) Based on that small correction we have two scenarios
d) If the price breaks below the small correction we expect a bearish movement towards the lower trendline of the weekly channel
e) If the price breaks above the small structure we expect a bullish movement towards the higher trendline of the weekly channel
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