AUDCHF broke out of the ascending trendline on lower time frames and is currently trending within a parallel descending channel. Looking to open shorts on a pullback towards the 0.5 inner fib retracement zone - which outlines perfectly with our broken trendline.
If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.
If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.