davinderaulakh

short it on trendline testing

Short
davinderaulakh Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
5
the market has broken the weekly trendline downward and retested it. also it is moving down under a trendline. we are below 200 ema daily. it has tested twice the trendline and was rejected both times. if it test it third time and price action give us bearish reversal signal i will be shorting it as there is a downward potential
Comment:

this is the weekly chart
Comment:

watch for price action in the rectangle on 4 hour timeframe and check for bearish signal
Trade active:
i have opened the trade. we have an inside bar with a bearish candle. and next bearish candle has broken below the inside bar. stop loss is on other side of the box
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