The AUD/CHF pair is currently in a bullish trend, consistently forming a series of Higher Highs (HH) and Higher Lows (HL). Using the Fibonacci retracement technique, a potential long position can be planned based on the following trade statistics:
Pair: AUD/CHF
Trend: Bullish
Entry Point (EP): 0.53234
Stop Loss (SL): 0.53061
Take Profit 1 (TP1): 0.53407 (1:1)
Take Profit 2 (TP2): 0.53580 (1:2)
Risk: 1%
Lot Size: 0.44
We will open two trades simultaneously:
The first targeting a 1:1 risk-reward ratio
The second targeting a 1:2 risk-reward ratio
This setup allows for efficient risk management while aiming for higher profit potential within the prevailing bullish momentum.
Pair: AUD/CHF
Trend: Bullish
Entry Point (EP): 0.53234
Stop Loss (SL): 0.53061
Take Profit 1 (TP1): 0.53407 (1:1)
Take Profit 2 (TP2): 0.53580 (1:2)
Risk: 1%
Lot Size: 0.44
We will open two trades simultaneously:
The first targeting a 1:1 risk-reward ratio
The second targeting a 1:2 risk-reward ratio
This setup allows for efficient risk management while aiming for higher profit potential within the prevailing bullish momentum.
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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.