Lingrid | AUDCHF channel Breaking. Potential Long

The price perfectly fulfilled my last idea. It hit the target. AUDCHF has broken and closed above the downward channel. On the weekly timeframe, a long-tailed bar has formed, indicating a strong bounce off the support level. The market has consistently respected the 0.5600 psychological level, having bounced off it multiple times. Given the bullish momentum gained this week, I expect the market to continue moving higher. This could signify a potential reversal or continuation of the upward trend, especially if the market maintains its strength above the support level. My target is resistance zone at 0.58400

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻