Confirmation bounces of the support and resistance trendlines strengths... AUDCHF will be looking for a break out point at either side for potential profit taking. ALSO take note of the past high/lows if the market exceeds those points its a positive confirmation that an uptrend has broken and a new down trend could potentially be created, or just preparing for a...
Falling wedge on 15m chart,
Hitting longer term support,
Hitting support zone around S1,
Low volume and low price meaning price will get more narrow,
Lil shooting star on the 15m frame.
Possible Long Position,