AudChf- I expect a new leg downAudChf found a clear top in 0.67 zone and after an initial drop to 0.66 the pair confirmed yesterday 0.67 as strong resistance and a steep drop fallowed.
My initial 0.66 target was reached and now the pair is correcting this first leg down.
In my opinion, rallies should be sold for a break of 0.66, which will also confirm that we have a double top in place.
My target for this trade is 0.65 and I will look for an entry with 1:2 R:R
Audchfsell
AUDCHF and Sell Area (27/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
AUDCHF - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish price action after taking out previous highs.
4 HOUR
Sideways market structure at its top, expecting a reverse shortly!
DAILY
Overall good short entries, prices too high.
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FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.65380
SL @ 0.65650
TP @ 0.64950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN