AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.70481, 0.70778, 0.71000.
Key Support Levels: 0.70143, 0.69908, 0.69793.
The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.
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 higher low 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 Limit Order @ 0.70181
Target Profit 1 @ 0.70481
Target Profit 2 @ 0.70778
Stop Loss @ 0.69882
Trade Safely 🙂