AUDCHF | A Possible Short-Term Reversal Area!
Hi,
Criteria around the marked area:
1. 2016 low
2. Strong area (gray), which is also previously worked support.
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extensions
5. Channel projection
6. AB=CD
7. Blue dotted trendline should act as a resistance. Not so significant because of the time period.
8. Bearish candlestick pattern on the Weekly timeframe.
9! Wait for a bearish candlestick formation from the red box.
Regards,
Vaido
Criteria around the marked area:
1. 2016 low
2. Strong area (gray), which is also previously worked support.
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extensions
5. Channel projection
6. AB=CD
7. Blue dotted trendline should act as a resistance. Not so significant because of the time period.
8. Bearish candlestick pattern on the Weekly timeframe.
9! Wait for a bearish candlestick formation from the red box.
Regards,
Vaido
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It seems easy but it really isn't ;)
