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ToosimpleTrading
May 5, 2021 9:02 AM

AUDCHF Short

Australian Dollar/Swiss FrancFXCM

Description

Price is in a very important and powerful resistance zone which I believe price will start to fall down onto a downtrend as every time it reaches this support zone it changes direction. + Price also touched 50ma and re-acted to it by going down, which shows strong confirmation of a possible downtrend.
Comments
ToosimpleTrading
Sorry I meant ‘Resistance zone’
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