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VaidoVeek
Sep 30, 2019 1:41 PM

AUDCHF | A Possible Short-Term Reversal Area! Short

Australian Dollar/Swiss FrancFXCM

Description

Hi,

Criteria around the marked area:
1. 2016 low
2. Strong area (gray), which is also previously worked support.
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extensions
5. Channel projection
6. AB=CD
7. Blue dotted trendline should act as a resistance. Not so significant because of the time period.
8. Bearish candlestick pattern on the Weekly timeframe.
9! Wait for a bearish candlestick formation from the red box.

Regards,
Vaido

Trade closed: target reached

It seems easy but it really isn't ;)
Comments
KlejdiCuni
Great analysis! Well done:)
VaidoVeek
@KlejdiCuni, Thank you!
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