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AUDCHF

AUDCHF: Bearish OutlookThe AUDCHF pair is currently heading towards a key resistance area located between 0.63057 and 0.62358. This area is significant because it includes the Fibonacci retracement level of 38.20, two descending trend lines, and the 100-period moving average on the 4-hour timeframe. My expectation is that the price will drop from this area towards 0.61584 and then 0.60949. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
AUDCHF: Bull TrapAfter an aggressive sell-off, price has started to lure in buyers. This can be seen on the daily time frame with the recent buy inducement candles. Buyers being lured in means liquidity below the established low. I believe will price will flow to this low with the help of the news today. I am really not sure where the sell with take place so for now it's simply an observation. If something aligns with me and my intuition later in the day, I will enter a sell position and update you.
Short
by AlkalineFX
10
AUDCHF - 4hrs ( Sell Trade Target Range 150 PIP ) 💲Pair Name : AUD/CHF 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↘️ Short ) Type : Mid Term Swing ——————————— 🔰Bearish Break 0.63000 Area Reasons - Major Turn level - Visible range Lvn - Trend Break Out - Fixed Range Poc - inner Channel Middle Band - Prev Day low / Week Low - Prev M low Break 🔰Bullish Reversal 0.61250 Area Reasons - Major Turn level / D - Pattern Target - Fibo Golden - Discount Area / Ultra Volume - 3 Q / low + Q / low - 2 Q / low
Short
by GoldenEngine
4