Lingrid | AUDCHF Resistance ZONE Rejection. Short

The price perfectly fulfilled my previous idea. It reached the target zone. AUDCHF consolidated above the key level of 0.5800 but ultimately failed to remain above it and has broken below that level and consoldiation zone. On the daily timeframe, the price action also closed below the upward trendline, and we recently observed a rejection candle in the form of a long-tailed bar. Therefore I believe the market is poised to move to lower levels, especially since the price has rejected the resistance zone. Historically, the market has dropped from this zone on two previous tests, reinforcing my expectation of a downward move. My targe is support level at 0.57070


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻