AuD TrenD Reversal !

15 sept 2023

Hi mates sharing daily chart of Audchf as we can see price is moving in a ascending channel with higher lows and higher highs and now giving a breakout inside in that channel from last swing high resistance so i am looking a long side trade opportunity in this trading pair, Resistance based Target for this trade sharing on chart although i am feeling that i am an late entrant for this long trade but that consolidation breakout inside in channel tempting me so doing this, happy trading all mates.

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

17 sept 2023

Nota

As we all know that closings are one of the most important part in technical analysis, so sharing my view on a larger time frame as we can see that price moving upwards and gives a weekly close above resistance from the bottom it is taking support by marke trednline

18 sept 2023

Nota

Price made support to prior resistance and now try to moving up sharing hourly chart, looks like double bottom on this timje frame at appropiate spot

19 sept 2023

Nota

Marked a closing basis resistance if close above we can see target one very soon

20 sept 2023

Nota

Price created a bullish structure as well as sustain very good above marked closing resistance soon it can do target one

20 sept 2023

Nota

Target update-
Reached on resistance target one mates moving towards target two

21 sept 2023

Nota

Yesterday and today so far also price not able to break resistance based target, if break and close above we can see it can do above targets also

24 sept 2023

Nota

Closed above resistance based target which it was unable to close above after hitting the target so we can see more pace towards higher mention target on chart, for this check above update

28 sept 2023

Nota

Targte update-:
Target two also arrived mates, Cheers !!
And now taking resistance



If break this resistance break target and close above we can see last and final target very soon, getting proper trend reversal signs will post an other idea for it after confirmations

3 oct 2023

Nota

After completing two mention targets on chart it seems that it will touch and bounce from it's target 1 resistance which could be act as a support now