Looking nice a nice setup for AUDCHF.
We're reaching a major point of resistance .
We can see the momentum of the buyers are starting to slow down.
The sellers are contesting hard pulling back %100.
Overall we're still in a down trend so this should be a solid trade.
We're reaching a major point of resistance .
We can see the momentum of the buyers are starting to slow down.
The sellers are contesting hard pulling back %100.
Overall we're still in a down trend so this should be a solid trade.
Trade closed: stop reached
Unfortunate wick took out SLAs you can see it was a nice trend continuation.
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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.