AUDCHF Breakout: Preparing for a Downside Move?
Updated
AUDCHF has broken out of its consolidation range, and I’m expecting it to retest the breakout trendline soon. If the retest holds, we could see the pair head further down.
This setup looks promising for a short position if the price action confirms the resistance at the trendline. As always, patience is key—let’s wait for the right entry and manage our risk carefully.
What do you think? Are you eyeing the same setup? Share your thoughts below!
This setup looks promising for a short position if the price action confirms the resistance at the trendline. As always, patience is key—let’s wait for the right entry and manage our risk carefully.
What do you think? Are you eyeing the same setup? Share your thoughts below!
Order cancelled
The anticipated AUDCHF breakout setup didn’t play out as expected. The retest of the trendline wasn’t confirmed, so the trade has been cancelled to avoid unnecessary risk. Staying disciplined and waiting for the right setups is part of the game.
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