AUDCHF H4 SHORT PRICE ACTION FORECAST

Although price action was able to bounce back from the 50EMA, the bearish momentum in the pair remains. MACD is showing a strong downtrend momentum for bearish bias confirmation.

To capture this bearish bias, a sell-top entry could be placed, allowing the following setup.

Price in consolidation after a bounce from EMA

The order:
Type: sell-stop.
S/L: 63 pips - R:R | 1:2 -
T/P: aiming for the previous resistance level