The AUD/CHF pair is signaling a potential short trade opportunity, as per the latest Elliott Wave analysis. 📊 The wave count indicates that the pair has completed its five-wave upward movement and is now beginning a corrective phase. The chart suggests key levels around 0.56389, corresponding with the 1.618 Fibonacci extension, as potential targets for this downward move.
This analysis presents a clear short setup, ideal for traders looking to capitalize on the expected bearish momentum. With the wave structure signaling a correction, now might be the perfect time to consider a short entry.
Whether you're an experienced trader or fine-tuning your strategy, this analysis offers valuable insights to help you navigate the market effectively. Let’s work together to seize this short opportunity and aim for profitable trades!
This analysis presents a clear short setup, ideal for traders looking to capitalize on the expected bearish momentum. With the wave structure signaling a correction, now might be the perfect time to consider a short entry.
Whether you're an experienced trader or fine-tuning your strategy, this analysis offers valuable insights to help you navigate the market effectively. Let’s work together to seize this short opportunity and aim for profitable trades!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.