AUDCHF short
Probabilities favor a down move:
1) Regime filter: Strong downtrend.
2) Broken support turned resistance
- resistance respected by a bounce downwards when tested
3) High reward to risk ratio
- a meaningful stop loss placed at the psychological level of 0.64
Trade type:
1) Long term trend following: 2 weeks to 3 months time frame.
- pyramiding down as trend integrity strengthens
2) Short term day trading: 4 hours to 2 days
- pyramided trades added during short term reversals
- trades allowed to run when theres a potential for them to evolve into longer term trades
1) Regime filter: Strong downtrend.
2) Broken support turned resistance
- resistance respected by a bounce downwards when tested
3) High reward to risk ratio
- a meaningful stop loss placed at the psychological level of 0.64
Trade type:
1) Long term trend following: 2 weeks to 3 months time frame.
- pyramiding down as trend integrity strengthens
2) Short term day trading: 4 hours to 2 days
- pyramided trades added during short term reversals
- trades allowed to run when theres a potential for them to evolve into longer term trades
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