Few good reasons to try and short AUDCHF
$AUDCHF slowly grinds its way higher towards 0.72-0.73 resistance zone.
The price completed 2 harmonic patterns - AB=CD and Gartley/Bat (B point just below the 61.8 Fib level).
It is also near the daily 200 SMA line and the top of a rising Wedge pattern.
Whole of these technical reasons make the 0.72-0.73 a very interesting Sell Zone.
The final target zone of this setup is 0.7
Tomer, The MarketZone
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The price completed 2 harmonic patterns - AB=CD and Gartley/Bat (B point just below the 61.8 Fib level).
It is also near the daily 200 SMA line and the top of a rising Wedge pattern.
Whole of these technical reasons make the 0.72-0.73 a very interesting Sell Zone.
The final target zone of this setup is 0.7
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - goo.gl/R3gPVE
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
Comment:
Setup failed today due to AUD strength. Next sell zone Cypher pattern completion near 0.75