AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.68449, 0.68901, 0.69000.
Key Support Levels: 0.67948, 0.67543, 0.67383.
Daily Time Frame:
The price on the higher time frame is in a clear upward movement where higher highs and lows has been posted. The market posted a huge bear bodied bar which appears to be a trap for bears. The price rebounded quickly and now it is about to move upward.
AUD/CHF Medium-Term Trend: Bullish
1-Hr 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 might be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.67995
Target Profit 1 @ 0.68449
Target Profit 2 @ 0.68901
Stop Loss @ 0.67543
Trade Safely 🙂