Dear traders, I am Andrea Russo, a Forex expert and market analyst. Today I want to share with you a short opportunity on the AUDCHF pair, based on solid technical analysis and current market dynamics.
📌 Entry level: 0.5374 🎯 Take Profit (TP): 0.5173 🛑 Stop Loss (SL): 0.5440
The AUDCHF has shown signs of weakness after a consolidation phase. The bearish pressure, fueled by the strength of the Swiss franc and a climate of risk aversion, could favor a decline towards the indicated target levels.
Technical indicators confirm the strategy: 🔹 Key resistance near 0.5440, invalidation level of the position. 🔹 Bearish momentum with decreasing volumes on bullish pressures. 🔹 Short-term moving average suggesting a possible continuation of the decline.
📊 We will monitor the market to confirm the movement. Always remember to apply proper risk management!
📌 Entry level: 0.5374 🎯 Take Profit (TP): 0.5173 🛑 Stop Loss (SL): 0.5440
The AUDCHF has shown signs of weakness after a consolidation phase. The bearish pressure, fueled by the strength of the Swiss franc and a climate of risk aversion, could favor a decline towards the indicated target levels.
Technical indicators confirm the strategy: 🔹 Key resistance near 0.5440, invalidation level of the position. 🔹 Bearish momentum with decreasing volumes on bullish pressures. 🔹 Short-term moving average suggesting a possible continuation of the decline.
📊 We will monitor the market to confirm the movement. Always remember to apply proper risk management!
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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.