Technical Analysis AUDCHF Temporal Reversal. Correlation EURCAD
The AUDCHF is currently on support drawn by connecting the two lowest lows, on the 3 minutes. I drew a small circle on the chart, this serves as the presence of a fake-out or a spike. If the price breaks through(above) the descending angle, that will serve me as an indication of the change in trend. At least temporarily. My stop loss is on the purple line below Gotten by connecting the two lowest lows from the 4Hour TimeFrame, still noticing a fake-out or spike.
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