IvanLabrie
Long

AUDCHF: Low risk buy opportunity

FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF             offers a good long entry here. Risking 0.5-1% is a good idea.

The pair has completed a correction against the Brexit Key Level, where bulls have stepped in, and is ready to march higher.

Good luck,

Ivan Labrie.
Comment: Looks solid.
Trade closed manually: It's ok to bank profits here and wait to reenter on a dip tomorrow.
Trade active: Reentering here is ok, place stops at 0.733
Trade closed manually
I like the way you book profits and ran...any idea of dip level..?
+1 Reply
At times downside risk is a concern, I prefer this early exit.
Reentering anything lower than our exit, is ok.
Stop should be the previous entry price, on the reentry, and size, the same. So, we risk the realized profit only. (or portions of it)
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IvanLabrie PRO IvanLabrie
After today's close, measure from Friday's close, to today's high. The 50% level or lower is a good entry. Risking a move to Friday's close, is technically, the correct entry.
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Solid bounce. This looks very good. Thanks for posting.
+1 Reply
Welcome, good luck!
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