29-09-2022 _ Short Term Bearish Idea _ AUDCHF Daily
1- Series of LH and LL on on the Daily.
2- Bearish Trending Structure.
3- Break out below Strong Support Zone.
4- 3rd wave extended to 78.6% of Fibo. Extension of the 2nd wave.
5- There is more room to the downside for third wave to extend upto 100% Fibo Extension of the 2nd wave.
6- First I would expect price action to slowdown and either Consolidate and the further continuation to the downside.
OR
Under the potential Divergence on MAs pullback to the grey zone and then further continue to the downside.
2- Bearish Trending Structure.
3- Break out below Strong Support Zone.
4- 3rd wave extended to 78.6% of Fibo. Extension of the 2nd wave.
5- There is more room to the downside for third wave to extend upto 100% Fibo Extension of the 2nd wave.
6- First I would expect price action to slowdown and either Consolidate and the further continuation to the downside.
OR
Under the potential Divergence on MAs pullback to the grey zone and then further continue to the downside.