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Audchflong

Setting up for next Impulse Hi Traders, AUDCHF has been consolidating since December in a larger channel which now the price is approaching the HTF upper boundary moving within a LTF corrective channel. If we look where the first impulse began, we can see that the price made a double top which then impulsively pushed down with a bearish continuation to give more room to fall. After a strong Impulse comes a correction and as we know, the more swing highs & lows it creates gives us confluence for another impulse movement. Watch for a strong rejection with LTF bearish price action to catch the next impulse phase. What's your view on this pair? Share a comment below. Support me by clicking the like button If you feel this idea was helpful ! Trade Safe.
Short
by ktlfx
2