AUDCHF at resistance, 90 pips short with good Risk/Reward Ratio
as you can see my last analysis on this pair worked and price reached the resistance. Now we can short to support with decent R/R.
Our stop should be few pips above the shadows of recent candles.
Notice that there is a possibility of breaking the resistance and touching the trend line for price so you can wait for candle stick confirmation in lesser time frames but to me couple of doji and a tweezer wich formed recently is enough to short.
Please like and let me know if you have any questions, comments or observations, thank you.
Our stop should be few pips above the shadows of recent candles.
Notice that there is a possibility of breaking the resistance and touching the trend line for price so you can wait for candle stick confirmation in lesser time frames but to me couple of doji and a tweezer wich formed recently is enough to short.
Please like and let me know if you have any questions, comments or observations, thank you.
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