AUD/CHF| Possible Bearish Continuation

AUD/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.65900, 0.65954, 0.66020

Key Support Levels: 0.65621, 0.65401, 0.65277

4-Hour Chart:

We made an attempt at consolidating on the diagonal support line, but that failed and we now seem to be making another breakout to the downside.  

AUD/CHF Medium-Term Trend: Bearish

1-Hour Chart:

Elliot wave signals a (12345)-wave count may be under way. If so, this may be the final leg down before we finally find some long term support.

Signal Idea:

Sell Limit order @ 0.65867

TP 1 @ 0.65486

TP 2 @ 0.65283

Stop Loss @ 0.66071

Trade Safely 🙂