Price action on the monthly time frame suggests that AUDCHF may be in for a fall. Price is retesting and old support now turned resistance.
Note
Daily time frame posted a bear candle. This is my signal to place short orders on the 1H time frame.
Note
Entry orders are placed in the green circle. Stop losses will be placed in the red circle.
Trade active
Price reached my entry.If stop loss is hit, I lose 1/4% of my account.
Note
Bear candle posted on daily time frame. Note
Rough look at entries and stop losses.
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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.