Good risk reward ratio on this setup Goodluck!
small risk high reward setup
SELL AT RESISTANCE IF RESISTANCE WAS BROKEN ADD LONG POSITION TO COVER SHORT LOSING POSITION
WAIT FOR THE RETEST OF DIAGONAL RESISTANCE TO CONFIRMED SELL CONTINUATION
IM EXPECTING FOR MORE DOWNTREND ON THIS PAIR. COT REPORT AUD HAS 52.3% SHORT POSITIONS WITH ADDED 4,956 OPEN INTEREST FOR SHORT WHILE LONG HAS ONLY 21K OR 15PERCENT OPEN POSITION.
Im expecting to move the price higher as the current trend of the market still in uptrend And as per COT report USD still bullish while chf remain short. you check it at cftc website in technical view: I will wait for the flag formation or atleast 3 wave structure to confirmed upward movement TAYOR :)