AUD/CHF H4 | Falling to 50.0% pullback support
Updated
Account FP - #1080732
AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.59427 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 0.99
Take profit 2 is at 0.59618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.23
Total risk 1.08%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.59427 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 0.99
Take profit 2 is at 0.59618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.23
Total risk 1.08%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Comment
Take Profit 1 reached. Stop Loss moved to Buy Entry at 0.59427. Lifetime Win Ratio for this account now at 58.97%.Trade closed: target reached
Take Profit 2 reached. Lifetime Win Ratio for this account now at 60.00%.
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