AUDCHF: Long at Confluence
*Update: Stopped out
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The price is testing multiple support levels around 0.8100 area
- A previous horizontal support area
-The 61.8 retracement level for the bullish trend
-1.271 extension for the latest bullish wave
-Possible descending support
Looking for a reactive bounce of this support , lets hope this one goes well...
Best of luck. Join me at twitter.com/thefxchannel
Facebook page thefxchannel.com
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to break-even.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
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The price is testing multiple support levels around 0.8100 area
- A previous horizontal support area
-The 61.8 retracement level for the bullish trend
-1.271 extension for the latest bullish wave
-Possible descending support
Looking for a reactive bounce of this support , lets hope this one goes well...
Best of luck. Join me at twitter.com/thefxchannel
Facebook page thefxchannel.com
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to break-even.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
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