AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.68449, 0.68582, 0.69000.
Key Support Levels: 0.68257, 0.68128, 0.68008.
1-Hr Time Frame:
The price on the higher time frame failed to continue its move downward and it retraced with a lower higher signaling that we are in a new trend to the upside leaving a fake out behind. This could lead to a further movement to the upside.
AUD/CHF Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.68253
Target Profit 1 @ 0.68449
Target Profit 2 @ 0.68582
Stop Loss @ 0.68089
Trade Safely 🙂