Hello Traders,
Just want to bring to your attention this probable good short opportunity for this pair. In my analysis-especially when all noise is eliminated and clearly visible in the weekly chart, price action at the momentum is trending in the resistance trend line which is also at the yearly 23.6 Fibonacci level of this bull flag.
I recommend initiating a short now after the close of this 1 hour candle stick as all things are right and pointing for a bear move-stochastics is overbought and the support trend line in this time frame has been broken.
Trade plan as follows:
Sell Limit: 0.7525
SL: 0.7575
TP: 0.7375
Have a good trading day

AUDCHF 1HR chart-10.08.2016

Source: Dalmas Ngetich

AUDCHF 4HR chart-10.08.2016

Source: Dalmas Ngetich

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