DeGRAM

DeGRAM | AUDCHF structure based trade

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF is slowly approaching the resistance and fibo extension levels.

The market has previously reacted to the resistance level by dropping from it.

This recent bullish move is a pullback against the major bearish trend because the trend on the 4-hourly chart is bearish.

We expect the price to bounce off the resistance and retest support.


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