Audchflong
AUDCHF - LONG AUDCHF seems to give a reversal signal regarding the RSI and price pattern.
In my point of view, AUDCHF is still considered as a downtrend, thus trading opposite the trend should be done in a short period of time, "Hit and Run".
Reward/Risk is about 1.5, which is still convincing.
!**Disclaimer**! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
AUDCHF - FOREX - 30. DECE. 2019Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bearish price action and drop towards our support.
4 HOUR
Bullish market in a small pullback.
DAILY
Overall bullish market with good long entries.
-
FOREX SETUP
BUY AUDCHF
1ST ENTRY @ 0.67850
2ND ENTRY @ 0.67750
SL @ 0.67570
TP @ 0.68140
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN