FX.co ★ AUD/CHF [10]

In the AUD/CHF forex market, considering the lower wave degree on a maximally compressed M15 chart, as long as the critical level of 0.5589 holds, a continuation of the downtrend is expected. However, if this level is broken, it will disrupt the current impulsive bearish structure and shift the focus to continuation of the higher-degree uptrend. Thus, we have an entry point based on the “overlap rule” for opening a short position with targets in the third wave .