Audchf4hr
AUDCHF SHORT I just entered this AUDCHF SHORT trade. It seems that the price is going down to challenge the daily (green) seller zone.
There will be important news coming in about 2 hours. Hopefully the news will push the price to my target.
And, because of the news, I entered with a SL higher than I normally do and did a half position.
Let's see how it goes.
Short AUDCHF Based on 4H, Daily + Weekly ChartsSorry I've not been so active recently, been away for a week.
AUDCHF recently broke out from a strong downtrend and found resistance at the 38.2% fib level. Today the daily candle did retest this level and will be closing strongly below. We have the opportunity to short this pair and I will be watching closely on lower TF's before opening a sell order.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
AUDCHF short term A break of the 50ema could open up the high side and retest the .7590 zone which would act as the upper parallel for the channel. If it fails to break above the 50 we have another trend line which would act as the upper parallel and push price back down to the .75 zone to create a new low.