AUDCHF is trading in a long term bearish trend.
After setting a new lower low, the market is correcting within an expanding wedge pattern.
Ahead, I see a significant supply cluster based on a major falling trend line and a horizontal resistance.
The next trend-following wave may initiate from that.
Your bearish confirmation will be a bearish breakout of the support of the wedge.
Daily candle close below will confirm the violation.
A bearish movement will be expected to 0.5626 then
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅