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DeGRAM
Dec 26, 2023 8:47 AM

DeGRAM | AUDCHF fibo cluster and confluence Short

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF is slowly approaching the confluence level: fibo cluster, resistance, trendline, and harmonic pattern.

Price action has previously reacted to resistance levels by dropping from it.

The market is consolidating on the 4-hourly chart.

We expect further consolidation of the market until the price breaks out of it.


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Comments
DeGRAM
Good luck in the markets
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