AUDCHF: Bullish Flag from PRZ — Rally to 0.54444?

6월 16일

AUDCHF(AUDCHF) bounced from the Potential Reversal Zone (PRZ)[0.5273 CHF- 0.5200 CHF], which aligns with the Yearly Support(1) and the 50% Fibonacci level of the previous bullish impulse.

From a Classic Technical Analysis perspective, AUDCHF appears to be breaking out of a Bullish Flag Pattern, which may suggest the continuation of the previous uptrend.

This bullish reaction also confirms the importance of the Support zone(0.51166 CHF-0.49773 CHF), where buyers stepped in aggressively.

In terms of Elliott Wave theory, it seems that AUDCHF has completed the bearish waves and we should wait for the bullish waves.

I expect AUDCHF to continue rising after a successful breakout from the flag’s upper boundary. If momentum sustains, the target could be around 0.54444 CHF.

Note: Stop Loss (SL) = 0.51972 CHF

Australian Dollar/ Swiss Franc Analyze (4-hour time frame).

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

6월 17일

액티브 트레이드

Position was activated at 0.52877 CHF

6월 24일

노트

Still alive

7월 1일

거래청산: 스탑 닿음

Stop Loss was touched