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AUD/CHF down to lower border of weekly trendline

Aud/Chf is on its way down to the lower border of a weekly bullish channel,
as we can see by the downward action on the weekly chart within this channel:
Aud/Chf weekly chart
On the daily chart we see a sharp move down within this channel happening now,
the Fibonacci expansion areas of the last two moves down will eventually lead
the price action to the lower border around 0.834:
Aud/Chf daily chart
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AdamFx42 avatar
AdamFx42 23 Wrz

Price is now exactly on target

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AdamFx42 1 Paź

Price has been bouncing up and down around my target, which indicates that I got the area right,
it is up to the gods now where we end at 12:00 gmt

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AdamFx42 1 Paź

Price exactly on target now, it is going to be an exciting last three hours :-)

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AdamFx42 1 Paź

Very happy with the result on this prediction:
bid price ended up being just 5 or 6 pips  below my target!

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Airmike 2 Paź

congratulation :)

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EUR/USD holding up supported by Trendline

Eur/Usd shows a clear trendline up on the weekly chart that supports rising price action
On the daily chart it is possible to predict the target of next move up with the help of Fibonacci Expansion levels
taken from the daily and the monthly charts
Firstly, on the monthly chart we can see sideways moving price action, but we clearly see the price
moving up on the monthly chart at the moment;
if we take the Fibonacci Expansion level of 61.8% of the last move on the monthly chart,
we get a target …
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AdamFx42 avatar
AdamFx42 1 Luty

The pair has hit a crucial retracement level - it is either up or down from here
My prediction will only hold if it bounces hard here

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AdamFx42 13 Luty

Well, bounce up happened, still a long way to go

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AdamFx42 25 Luty

A break of previous highs is needed to accomplish target area

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AdamFx42 16 Mar

Daily trendline is holding, and my target is almost accomplished now

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