AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.69171, 0.69305, 0.69385.
Key Support Levels: 0.69048, 0.68992, 0.68881.
The price on the higher time frame could not continue its move to the downside and faced a strong resistance from the support near the 0.68880 CHF mark which led to the formation of the double top pattern. A reversal occurred and a series of higher highs and lows has been posted where further movement to the upside could be seen.
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 has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.69071
Target Profit 1 @ 0.69190
Target Profit 2 @ 0.69309
Stop Loss @ 0.68952
Trade Safely 🙂