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AUDCHF Short at break of structure1) On the weekly chart a nice shooting star candle 2) Break of this upward structure (green line up), is likely a start of bearish move 3) pitchfork indicates we likely see a move towards the median line again 4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable. You can enter aggressively as shown on this chart, or a more conservative entry would be just below the consolidation area around 0.736. Be aware of the Fibonacci levels for possible take profits.
Short
by Cenotaph
AUDUSD Short on break of structure1) Weekly chart shows a clear reversal bar 2) The pitchfork drawn (swing high low) with the median along the trend indicates further down movement for the this pair and high probability movement towards median line (red) 3) Bears still look to dominate at price 0.747.Support Resistance area 4) If price breaks structure support (green line), continued down movement follows till next support is likely. Enter at break of structure support and keep in mind the price levels indicated with the blue lines
Short
by Cenotaph