Breaking News

AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.7150, 0.7227, 0.7260

Key Support Levels: 0.7090, 0.7020, 0.6917

Daily Chart:

The price on the higher time frame inside a bullish flag formation. A bullish head and shoulders has been formed around the 0.7090 USD mark. this pattern signals a potential reversal and a move upward in our case here.

AUD/CHF Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hr time frame, the pair posted a bullish reverse head and shoulders near the 0.7092 USD mark which signals a potential move upward if the support proves that is difficult to be broken.

Signal Idea:

Buy Limit Order @ 0.7093

TP 1 @ 0.7125

TP 2 @ 0.7150

Stop Loss @ 0.7080

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!