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R2000trading

Price is making a rising towards our resistance zone.

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
R2000trading  
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators AUDCHF audchfshort audchfanalysis audchfsell audchfforecast audchfsetup audchfidea
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trendanalysis chartpattern indicator audchf audchfshort audchfanalysis audchfsell audchfforecast audchfsetup audchfidea
The price on AC makes a fakeout above the daily resistance zone (red zone). Price came back and broke under the zone while over sold (see RSI) Price is retracing towards our strong resistance zone making a rising wedge, while doing thet the RSI Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone. just to be safe.

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