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rafi_trader21
Oct 16, 2020 4:12 PM

AUDCHF sell from retracement Short

Australian Dollar / Swiss FrancFOREX.com

Description

Audchf has reached the daily support of 0.64600. From here we can expect the market to make a retracement and make a lower low on the daily chart. it will be best if market reaches the 0.5 or 0.618 fibo retracements because then daily support will turn into resistance. Or the market can also test 0.382 and continue to the downside. We have to watch on 4H for a possible entry.
Comments
VincePrince
The pullback from resistance will increase with supply, thanks for sharing.
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