AUDCHF - Looking to short
Updated
Downtrend channel (price at upper line), Overbought RSI (against downtrend), Horizontal resistance level (seller area)
Trade active
Entry triggered after price hit recent pin bar high of 0.7320 and SL at 1 ATR away.Another reason for entry is price currently hovering around 200 EMA.
Added the above reason in, there will be 3 reasons to go short.
1. 200 EMA - Resistance area
2. Trend line - Resistance area
3. Horizontal line - Resistance area
Trade active
Same to my CADCHF post. Everything look good as of now. Move stop loss to BE.Trade active
Target set at 0.7125 about 3.55R.Trade closed: stop reached
Clsoed at BE price.
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