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AUDCHF- H4, Potential Bearish Shark Pattern
I am going into the trade only when there is a reverse signal, other wise it will be the bigger scenario !
;) Safe trades;
The pair has broken the trend line and it seem to me the retest already took place. Watching strong close below 0.76300 to go lower.
First target - 0.75000
preparing sell based on 2618 trade setup
Beware of the level that the the Aud Chf has made it to today this level has seen 2 major drops from break of this price.
My trade decision is short based on it being a test of recent resistance and there is lots of indecision on smaller time frames.
On my 8hr S/R We Have hit our exhausted trigger zone so we will catch the price as it breaks the 8hr inter candle low.
Confluence between the 241% extension and the 88% retracement, waiting...
Audchf trading around 0.7530 level Where we can see strong supply zone above 0.76.
Simply Trade sell advice from cmp 0.7530 also set pending order around .760 both trade sl set above 0.7660 tp1 0.7390 tp2 0.7300
Even if it does not work, it is a pleasure to share it In real time ;)
Check previous 4h chart (link below)