AUDCHF -Short

Daily - We saw an impulse followed by a very corrective channel, which we have since broken out of! I have separated this trendline so i can focus on the price action a lot clearer.

4 Hour - We appear to be in a corrective phase of the market following the impulsive break. Confluences stack @ 0.65500 where we have the 50% Fib, Structure, and 50EMA. We have has multiple wick rejections from this area with a 4hHR Spinning Top suggesting exhaustion! I have

1 Hour - Stops could be placed @ 0.65750. This is above the 71% Fib and also provides protection if we get the 3Rd Tap of the Descending Trendline or Corrective Pattern!