AUD/CHF Trade Idea
Updated
Hello and welcome to my Trade Idea of the currency pair AUD/CHF:
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Note
We're still waiting for a clear break before we do anything.Trade active
Now we're in. Let's see my friends.Note
The trade is going well, there has been a nice reaction to the counter trend line.Trade closed: target reached
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