Get started
UnknownUnicorn2396129

AUDCHF AT THE BOTTOM OF ITS TRIANGLE

Australian Dollar / Swiss Franc (FX:AUDCHF)  
UnknownUnicorn2396129 Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
Support and Resistance Trend Lines Triangle AUDCHF audchfshort audchflong audchfforecast audchfsignal audchfdaily audchfbreakout audchfbuy audchfsell
1
0
supportandresistance trendline triangle audchf audchfshort audchflong audchfforecast audchfsignal audchfdaily audchfbreakout audchfbuy audchfsell
AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards.

For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l..

LEAVE YOUR THOUGHTS BELOW....
Comment:
Price has broken out of the triangle and to the downside of the support area, we are expecting price to move down to the next pink highlighted support zone.
Trade closed: target reached:
TARGET REACHHED
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.