AUDCHF faces triple top resistance at around 0.77 level on 4h chart. With a lower low and lower high formation formed on 4h chart, we look to take a short position with target at 0.758. Our bias will be invalidated if price moves above 0.772.
We observe a change of trend, price is creating higher high and higher low from a 4h timeframe. Our stop loss is about 100pips from current level and take profit is roughly 165pips away. Risk reward ratio will be 1.6 times. We will invalidate our bullish bias when price pushes below 1.308
With a break higher of previous high on 1h chart, we look for EURUSD pushing higher towards 1.185 area. Our bullish view will be invalidated when price breaks below 1.173 level.
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