FX:AUDCHF Australian Dollar/Swiss Franc
Price level of 0.8570 is resistance as per my system, the cyclic change is also pointing towards short move.... However there is couple of hiccups in this trade is significant negative swaps which will make cost to trade little heavy. Also price is still above the weekly open price which is establishes general sentiment for this week. However shorting at right time will give good swing trade as per my analysis. I have already shorted lighter lots at 0.856x price, & waiting for price to start behaving as per expected to add to the short. Key things I watching to add to my shorts are break of TL in h1 which is drawn in chart & weekly candle turning . As tomorrow is last day of the week, & given that price has not traveled to far from the weekly open, its not unusual to see price reversing entire gain of the week on friday. So waiting for price action to dictate further action.