This is a potential swing trade for AUDCHF.
It is at its fourth swing of elliots wave and is looking to finish off its trend,
There is a cross of two trend lines on a key zone (lines up close to the 61% fib)
The target zone also lines up nicely with prior market price
The 61% also lines up with previous support that has now turned into resistance.
Im also hoping it drops slightly and forms a double top to just give it that little bit extra probability.
It is at its fourth swing of elliots wave and is looking to finish off its trend,
There is a cross of two trend lines on a key zone (lines up close to the 61% fib)
The target zone also lines up nicely with prior market price
The 61% also lines up with previous support that has now turned into resistance.
Im also hoping it drops slightly and forms a double top to just give it that little bit extra probability.