AUDCHF | Sell Opportunity

Hi,

In general, the tendency is downwards and recently the price broke a counter-trendline which will be a sign that "Sell" trades should be a bit more accurate.

The red selling area consists of:
1) The round number 0.68000
2) Channel projection
3) 2x AB=CD
4) Fibonacci retracement 62%
5) 2x Fibonacci Extension 127%
6) Previously worked strong area (it has worked as support, it has worked as resistance)
7) Minor criteria, a bit subjective but this counter-trendline retest ara stays inside the marked red area.
8) Wait for a bearish candlestick formation from the 4H timeframe!


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Regards,
Vaido