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VladimirRibakov

AUDCHF Sell Idea

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
VladimirRibakov  
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis AUDCHF SELL triplecycle magnetzone bearishdivergence Trend Line Break
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trendanalysis audchf sell triplecycle magnetzone bearishdivergence trendlinebreak
H4 - Triple cycle up forming, we have a magnet zone based on the fibo extension levels of the two double cycles.

We may now expect one more push higher with price reaching the magnet zone and a bearish reversal to happen from there.

H1 - Price is respecting the uptrend line so far. We may now expect one more push higher with bearish divergence to form.

We may then go short with the breakout of the uptrend line.
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