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Audchfshort

📌 Potential SELL setup for: AUD/CHF👩🏽‍💻Technical: The monthly chart is showing a clear bearish bias in the market. However, on the weekly chart, the price is still struggling to break the MA 20, which is indicating some buying pressure. Moving on to the daily timeframe, the price has recently pushed aggressively towards the downside and has formed a strong bearish engulfing candlestick. The next target for the price is to break the MA 50 & 100, which might still experience a pullback towards the upside. 🎯 For an ideal entry: Even though the price formed a 4-hour bearish engulfing and closed into a new low, it has not yet broken past the daily MA 50/100. I would aim to enter AUDCHF after a break, followed by a push > exhaustion completion and bearish candlestick formation to confirm my entry and I can potentially aim for a weekly support level as my profit target.
Short
by fxtraderkristina
2
AUDCHF Trading Plan - 29/Jan/2023Hello Traders, Hope you all are doing good!! I expect AUDCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper