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Audchflong

AUDCHF LONGThe AUD is increasing in strength at the moment, as the S&P500 + SNPS (stocks) are also strengthening and we know AUD movement is strongly correlated with them. AUD is particularly strengthing against the dollar. Whilst CHF is weakening against the dollar and the majority of other currencies pairs. Looking for a retest of the trend line before a break above, particularly with any bullish divergence on the RSI possibly higher to the next all-time high on the 4h chart
Long
by tabbyfatcatx3
AUD/CHF LONG MOMENTUM POSITION ON 4H CANDLEThis is the position based on Edger trading system on 4H time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. ENTRY : 0.69276 STOP LOSS : 0.68650 TAKE PROFIT 25% :0.69432 TAKE PROFIT 50% : 0.69589 TAKE PROFIT 75% : 0.69746 TAKE PROFIT 100% : 0.69902 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger