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AUDCHF analysis 24.04.2020

AUDCHF 

The price pivot zone of 0.6232 is holding back buyers. A bearish divergence has formed on Awesome Oscillator. The ascending H12 level pattern is truncated.

Trading recommendations:

Sell while a descending wave pattern is forming, where the wave (A) breaks through the inclined channel of an ascending truncated H12 level pattern, completing it. 

Stop loss: beyond the local maximum (0.6232).

Target levels: 0.6071; 0.5950; 0.5834.

After the first profit taking, move the stop loss to breakeven.

The AUDCHF rate online: monitor the movement if the pain in real time.

Author: admin
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