Lingrid | AUDCHF bearish Continuation from RESISTANCE zone
The price perfectly fulfilled my previous idea. It reached the target zone. AUDCHF is currently trading within a downward channel and has recently made a lower low. The price is now approaching the resistance zone and the upward trendline after bouncing off the support. I expect a pullback and a retest of the support level, which could lead to further downward momentum. On the daily timeframes, the prevailing trend is bearish, indicating that the market is likely to maintain its downward trajectory. I expect a potential fake breakout of the resistance zone, by taking liquidity above. My goal is the support level at 0.55870
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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