Forex Trading, AudChf AnalysisForex Trade
AudChf
Analysis Number 6
4 October 2020
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We will monitor price action at the marked zone, waiting for the structure to shift from bullish to bearish.
Then we will look for a short entry with proper Risk management with a good risk to reward.
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Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk
management. USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades.
Audchfshort
AUDCHF SHORTHello guys,
In this video i show my breakdown of AUDCHF .I intentionally picked this pair because one currency has extreme weakness and the other is a safe haven currency.We know that the AUD a commodity currency will continue to see weakness until the Chinese economy rebounds and i am hoping to capitalize on it.The AUD central bank said in their last statement they expect continued weakness in their economy until the virus effects are controlled.This in addition to the fact that with global chaos people take their money to safe havens, an appreciation of chf will will likely melt AUD this week. and since as fundamental(value)traders we follow smart money, i believe this is a safe trade with high return since we are basically piggy backing off what smart money is doing.