AUD/CHF SHORT
Updated
AUD/CHF SHORT
The AUD/CHF have possibly reached a trend reversal after an INTERMEDIATE UPTREND. This is further confirmed by the USD/CHF showing a similar reversal pattern.
The Bull Resistance line have now become the Bear support line. A clear downwards trend have already being identified. A continues INTERMEDIATE DOWNTREND could be expected.
Recommended Entry
Immediate SHORT once market opens on Monday since one 1M, 5M, 15M, 45M, 1H shows their own minor downtrend.
Take Profit
Take Profit at around 0.68972
Stop Loss
Stop Loss at around 0.69530
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
The AUD/CHF have possibly reached a trend reversal after an INTERMEDIATE UPTREND. This is further confirmed by the USD/CHF showing a similar reversal pattern.
The Bull Resistance line have now become the Bear support line. A clear downwards trend have already being identified. A continues INTERMEDIATE DOWNTREND could be expected.
Recommended Entry
Immediate SHORT once market opens on Monday since one 1M, 5M, 15M, 45M, 1H shows their own minor downtrend.
Take Profit
Take Profit at around 0.68972
Stop Loss
Stop Loss at around 0.69530
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Trade closed: target reached
TP reached, money in the bank
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