Audchfshort
Mon 13th Jun 2022 AUD/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Sell. Enjoy the day all. Cheers. Jim
AUDCHF SHORT -ANTICIPATING THE NEXT LOWER HIGH!Looking for the next lower high in this bearish structure and if the market can hold 0.69623 will look to short AUDCHF and anticipate another bearish swing back down to lows at 0.67708.
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AUD/CHF short trade opportunity- AUD/CHF looks good for a short trade opportunity. It's trending towards the downside.
- We are seeing a recent support break as well as a 4-hour bearish engulfing candlestick closure, suggesting bearish pressure.
- Hedge funds are selling off both currency pairs, so the overall setup looks good to go:)
DeGRAM | AUDCHF rangingAUDCHF is ranging and there is no clear trend indication on higher timeframes.
We look for an opportunity to short from a level of resistance, which was tested multiple times.
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AUDCHF | ENTERED IN SELLERS ZONEAUDCHF has once again approached to the sellers zone where price has been rejected in the past. We are expecting the same as the candlesitcks shows bearish sign.
One can remain in sell on strength untill the price passed the 0.70950 level. Alternatively, breaking above will be enough to enter long.