AUD/CHF
Timeframe: H4
Technical Analysis: The chart shows that the pair is moving in a short-term downward trend, with the price repeatedly attacking resistance but without success. The price is currently about 15 pips out of that resistance, with 200 EMA and 61 Fibonacci lying there, designed by the top registered on 03.13.18 to the bottom registered on 03.01.19. Because we have a bunch of resistance there, sales will be more likely.
Indicators: The price is below 200 EMA, indicating strong resistance to the price.
The price is over 50 EMA, and it plays a role of support.
DeM - Goes into over-bought values, which supports the "sell" scenario.
Aggressive entry: Sell Limit at a price of 0.7100
Conservative entry: After a diagonal resistance test, 200 EMA and formation of a price action formation indicating a reversal.
SL: 0.7130
Alternative Scenario: In case of breakthrough and retention of diagonal resistance, 200 EMA and 61.8 Fibonacci, the price will continue to rise.
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