AUDCHF Potential Channel breakout

5. Sept.

AUDCHF is consolidating after breaking and closing below the key psychological level of 0.5700. The overall trend remains bearish, and the market recently bounced off a resistance zone. On the daily chart, there was a sell-off followed by a pullback to the 61.8% Fibonacci retracement level. The price consolidated around this level before moving lower, breaking through last week's lows. The market now appears ready to break through the channel's border, which could signal a continuation of the bearish trend. The target is the support level at 0.56400

9. Sept.

Anmerkung

Price moved exactly as expected and secred the take profit

10. Sept.

Trade geschlossen: Ziel wurde erreicht

Price moved by the book