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Audchfsignal

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 Now, in 4 hours time, with the failure of the B static area, it was able to stabilize the higher ceiling, 4 supports have been identified. 1-0.64047 2-0.63094 And Areas A and C of the pattern are 0.62167 and 0.61653 The current range from which we had a decrease around 0.65366 can also act as a resistance in the return to the top. Then the range of X pattern 0.67237 can create a resistance to reach the target 0.68279 and the trend line. The floor of the current movement must be stabilized to continue the movement, otherwise the movement will be a wide movement of a decreasing wave in the upper fractal.
by maryammh
2