AUDCHF Looking for LONG

Updated

AUDCHF opened and respected historical LOW Support around 0.650000 (Red Line)
Right now trying to break old supports and resistance at around 0.65620 (Blue Line)
price also trying to remain above lowest trendline (Green lines)

Looking for price break above at 0.6580 or bounce of back down
(Already have long from 0.65100)
If prices rejects around 0.6580 look for long at around 0.6539-06510 (Purple Zone)
Your take Profits should be Around Yellow lines and then wait.

AS A RULE I NEVER SHORT HISTORICAL LOWS (Thats Just Me)
Forget how much you could of made, Be happy of of the money you still have in account.

I usually like historical lows for longs and highs for shorts has not failed me yet.

Comment

Last Hour: Price hit high of .65990 but closed 0.65750 Long wick candle may indicate resistance to the upward but make sure you look at all time frames.

Comment

Secret TIP: Look at GOLD prices If price in Gold goes down, price in AUDCHF will go up, If price in Gold goes UP AUDCHF goes down. You can double your profits that all guys for today.

Comment

If you are in trade start taking your profits from 0.66300 to 0.6640 wait for how price responds to new york open also be very careful with old resistance at 0.6670 do not assume price will break it!

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