Audchfshort
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.67724 where it is could reverse down to its support at 0.66571.
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AUDCHF SHORT This is my personal analysis for AUDCHF, on the daily TF market has been trending bearish with 3 touches on the daily TF trendline, narrowing down to the 4 hour market made a double buttom followed by a fake - out. The pair has aggressively been bullish since the double buttom confirmation and currently at a confluence of two resistance namely
1. The previous high with a heavy bearish hammer rejection and 2. The daily bearish trendline. The bears have creeped in and pushing the pair down, i will prefer to enter a short with a bearish confirmation candle stick on the 4 hr.
AUDCHF | Expecting of Highly Downward I have Studied AUDCHF by Helping Elliot Waves, Now I can See it can go Further Downward as We can see it completes Elliot Waves Sequence Beautifully. Now it reached on wave 4's Support. It ll make a high on my red Highlighted place, then the path ll clear to see AUDCHF coming Down