AUDCHF: Head & Shoulders Pattern Signals Bearish Potential
AUDCHF: Head & Shoulders Pattern Signals Bearish Potential
AUDCHF has completed a well-defined Head & Shoulders pattern, suggesting a potential bearish continuation. The neckline breakout reinforces the likelihood of downward momentum.
Volume remains low today.
With the European markets closed, directional conviction is likely to be muted until later in the U.S. trading session.
Key Levels to Watch:
If bearish pressure resumes, 0.5225 and 0.5200 are the next downside targets.
These levels may be reached during the U.S. session or in the coming days, depending on volume pickup and risk sentiment.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDCHF has completed a well-defined Head & Shoulders pattern, suggesting a potential bearish continuation. The neckline breakout reinforces the likelihood of downward momentum.
Volume remains low today.
With the European markets closed, directional conviction is likely to be muted until later in the U.S. trading session.
Key Levels to Watch:
If bearish pressure resumes, 0.5225 and 0.5200 are the next downside targets.
These levels may be reached during the U.S. session or in the coming days, depending on volume pickup and risk sentiment.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY FREE Signals Channel
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✅Personal Telegram
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✅Suggested News Channel
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✅Personal Telegram
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✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.