AUDCHF H4 LONG PRICE ACTION FORECAST

After the bullish rally in the pair, a correction should come. Now, expecting price action pullback to trigger buy-limit order, allowing the setup to claim profit right at the next resistance level with the R:R | 1:2

Price action has been bouncing from the 50EMA, so the 3rd bounce is the charm. In the D1 timeframe, the price has been bullish, finding resistance at the 200MA, supporting the theory of a healthy correction for further bullish continuation.

Order cancelled

Order was not triggered

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