AUDCHF Possible Short Setup

٢٨ مارس ٢٠٢٣

AUDCHF is making lower lows, still being a little far from the next Major support, so I'm going to try to sell close to the Descending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the 200 SMA on timerame 4H so I believe that this resistance is the perfect place for the Short. I'll update the idea if it gives us the entry we're looking for.