Hello and welcome to my Trade Idea of the currency pair AUD/CHF:
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Note
We're still waiting for a clear break before we do anything.Trade active
Now we're in. Let's see my friends.Note
The trade is going well, there has been a nice reaction to the counter trend line.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.