H4, H1, M30, and M15 are oversold
Against the trend but there is a harmonic pattern on H4 and H1
Stop loss is 50 pips above
1st target is 0.6990
Against the trend but there is a harmonic pattern on H4 and H1
Stop loss is 50 pips above
1st target is 0.6990
Note
Here are the reasons that most traders would be selling this.1) Harmonic pattern present
2) 5 H4 candles are showing tails to the top
3) Pair is approaching daily resistance
4) H1 shows massive divergence
5) All RSI is overbought
Trade active
The pair hit the target perfectly. We have closed half the position.06/05/22 DEAL AUD/CHF Mini converted at 1.398093847521275 SD SD23.49
Funds: SD10,186.44
Trade closed: target reached
Held this trade for 46 pips. Expecting the pair to make a recovery so looking for short opportunity later on.06/05/22 DEAL AUD/CHF Mini converted at 1.39870195375406 SD SD13.93
06/05/22 DEAL AUD/CHF Mini converted at 1.399338559616625 SD SD9.94
Funds: SD10,316.98
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.