killrsquirel

AUDCHF trend continuation Cypher

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Another trend continuation Cypher idea. If price retraces to the drawn descending trend line then we'll have an awesome confluence factor to get short on. Being a trend continuation pattern I'm allowed to go for extended targets, but in looking left what that target should be is not very clear, So i'm taking the conservative option of the first level after the 0.618 retracement of CD.
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