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Audchfanalysis

AUDCHF 12hHi, there is a shorting opportunity in AUDCHF in 12h time frame. In multiple time frame analysis 12h time frame has good supply zone and have good execution. Also, the price is not coming from the good quality Demand zone(DZ). Suddenly there is a spike from the buyers. I feel that it is a retest to the supply zone to a give an another down move. From the Bears perspective they have a good achievement. They have breached the consolidation phase which was taking around 2 months. If you check the Australian Dollar currency index , price already hit the supply zone and it is coming down to take the support of Daily Demand Zone (DDZ). Even though there are good points to enter in short sell, still it is an Aggressive entry, and it is always a risky one of all time. If this entry has breached, then there is another short selling entry at 0.65500 Now you can see there is a breakout failure by the buyers and the bears taking the price to the downward movement. You may feel price has gone from the high but you don't have to worry. Price is still in the same entry point for the short selling opportunity. But it is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & Regards, Alpha Trading Station OANDA:AUDCHF
Short
by AlphaTradingStation
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