Lingrid | AUDCHF potential CHANNEL breakout. Short for FX:AUDCHF by Lingrid

Lingrid | AUDCHF potential CHANNEL breakout. Short

The price perfectly fulfilled my last idea. It hit the target zone. The overall trend for remains bearish, particularly after recently bouncing off a resistance zone following the formation of a head and shoulders pattern. Additionally, the market has broken below the previous day's low after a daily long-tailed bar, which indicates rejection of higher prices. Given these factors, I believe the market is positioned to break through the lower boundary of this channel, potentially signaling a continuation of the bearish momentum. My goal is support level 0.56150

Lingrid | AUDCHF bearish Continuation from RESISTANCE zone

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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