AUDCHF: Resistance Break-off Failure Runs towards South.
Hello traders,
Ascending trend resistance break off failure triggering the structure reversal. In a daily time-frame, the pair having a good chance for a reversal from the current trend this reversal attempt could highlight the 0.72936 as a confirmation for the trend decline. The continuous decline after 0.72936 might tend an Impulse towards the south the 0.71342 gonna be the next target.
Alternatively, Aud domination may keep the trend in Northern Hemisphere. In this case, sellers' have the hope until 0.73891 breaks out if the price range continuously raging in North, end your trade @ 0.74343.
Signal Specification
Enter: 0.73481
Tp: 0.71362
Sl: 0.74363
R/R: 2.4
Hit like, comment and follow for more updates.
Happy trading.
Ascending trend resistance break off failure triggering the structure reversal. In a daily time-frame, the pair having a good chance for a reversal from the current trend this reversal attempt could highlight the 0.72936 as a confirmation for the trend decline. The continuous decline after 0.72936 might tend an Impulse towards the south the 0.71342 gonna be the next target.
Alternatively, Aud domination may keep the trend in Northern Hemisphere. In this case, sellers' have the hope until 0.73891 breaks out if the price range continuously raging in North, end your trade @ 0.74343.
Signal Specification
Enter: 0.73481
Tp: 0.71362
Sl: 0.74363
R/R: 2.4
Hit like, comment and follow for more updates.
Happy trading.
Trade closed: target reached
The pair made 21.2 green pips.
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Related publications
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.