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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.

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