Potential bullish rise?

28 thg 8

AUD/CHF is reacting off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.

Entry: 0.56953
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.

Stop loss: 0.56538
Why we like it:
There is a pullback support level which is slightly above the 38.2% Fibonacci retracement.

Take profit: 0.58174
Why we like it:
There is a pullback resistance level.

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