AUDCHF Downward Trend at Resistance
Updated
Entry Price: 0.73659
SL: 0.73781
TP: 0.71318
I've seen a lot of traders reporting that they are going to bullish in favor of the AUD.
I don't agree yet, I believe that during the RBA Rate Statement on Tuesday, the bank will decide to keep rate unchanged.
---
Throughout the week, I'll most likely be a bear looking for scalps in favor of downward momentum.
Disclaimer: This trade isn't advice. It's my personal analysis shared publicly.
SL: 0.73781
TP: 0.71318
I've seen a lot of traders reporting that they are going to bullish in favor of the AUD.
I don't agree yet, I believe that during the RBA Rate Statement on Tuesday, the bank will decide to keep rate unchanged.
---
Throughout the week, I'll most likely be a bear looking for scalps in favor of downward momentum.
Disclaimer: This trade isn't advice. It's my personal analysis shared publicly.
Note
Pair broke out of the declining resistance lines, but are still within the last weeks high resistance.Note
Flag pattern formed; Looks completed and ready to fall now.Note
Right now this is a failed trade; Will need to analyze later.
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.