Source: Warhammer Fantasy: 7th Edition

Declaring Charge Responses
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After you declare your charges, but before you measure whether chargers are within range, your opponent declares how each charged unit will respond. Note that this is an exception to the turn sequence, as your opponent gets to move his troops, shoot, etc, during your turn.

A charged unit has three response options: stand & shoot, hold, or flee.

Units already engaged in close combat may only hold. Units already fleeing may only flee.

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