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Audchfshort

AUDCHF H1 ANALYSISHello traders, we currently have a short setup for AUDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard! *Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
Short
by ApexParagon
AUDCHF SHORTHello guys, In this video i show my breakdown of AUDCHF .I intentionally picked this pair because one currency has extreme weakness and the other is a safe haven currency.We know that the AUD a commodity currency will continue to see weakness until the Chinese economy rebounds and i am hoping to capitalize on it.The AUD central bank said in their last statement they expect continued weakness in their economy until the virus effects are controlled.This in addition to the fact that with global chaos people take their money to safe havens, an appreciation of chf will will likely melt AUD this week. and since as fundamental(value)traders we follow smart money, i believe this is a safe trade with high return since we are basically piggy backing off what smart money is doing.
Short
by collinsweball