Looking at the AUDCHF on H4 timeframe, it can be seen that this pair has been moving sideways for a long time between S2 and S1. When referring to the stochastic and MFI indicator it looks like there has been a bounce after touching S1, even so this pair is still in a bullish trend. If this pair is able to penetrate S1 towards R1, then go-long is an option. Wait for further indications or trade with your own risk.
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