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AUDCHF: Resistance Break-off Failure Runs towards South.

 

 

Ascending trend resistance break off failure triggering the structure reversal. In a daily time-frame, the pair having a good chance for a reversal from the current trend this reversal attempt could highlight the 0.72936 as a confirmation for the trend decline. The continuous decline after 0.72936 might tend an Impulse towards the south the 0.71342 gonna be the next target.

Alternatively, Aud domination may keep the trend in Northern Hemisphere. In this case, sellers’ have the hope until 0.73891 breaks out if the price range continuously raging in North, end your trade @ 0.74343.

Signal Specification

Entry: 0.73481

Tp: 0.71362

Sl: 0.74363

R/R: 2.4

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04 Dec 2018 10:54 am Posted by tamilforex

 
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