AlbashafFX | Too far from Trend Line, Correction Expected !!
As we can see from the chart below
AUDCHF keep respecting our Trend Line, The Bulls found support @0.69 Level but failing to Break our Trend Line.
Bears pushing the Price further down into our next Support Level @0.67
I believe our current Support Level will hold the Price and push it higher into our Trend Line.
this Support Level has rejected price before from mid-to late May, with a lot of Wick Rejection indicating a lot of Bulls are waiting here.
Our most likely scenario are the price to build up at our currect Demand Zone and slowly reverse toward our Trend Line.
Stop Loss can be placed below our Support Line and TP 1 will be at our Trend Line.
i strongly believe that this move will result in a Trend Change for AUDCHF, Breaking our Trend Line.
If you like this Idea, Please consider to follow, cause i will update my post daily.
Stay Safe, Stay Green
AUDCHF keep respecting our Trend Line, The Bulls found support @0.69 Level but failing to Break our Trend Line.
Bears pushing the Price further down into our next Support Level @0.67
I believe our current Support Level will hold the Price and push it higher into our Trend Line.
this Support Level has rejected price before from mid-to late May, with a lot of Wick Rejection indicating a lot of Bulls are waiting here.
Our most likely scenario are the price to build up at our currect Demand Zone and slowly reverse toward our Trend Line.
Stop Loss can be placed below our Support Line and TP 1 will be at our Trend Line.
i strongly believe that this move will result in a Trend Change for AUDCHF, Breaking our Trend Line.
If you like this Idea, Please consider to follow, cause i will update my post daily.
Stay Safe, Stay Green
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