gabanig

AUD/CHF - down for weeks now

OANDA:AUDCHF   Australian Dollar / Swiss Franc
Price were going down for some time now with massive rejection wicks on previous weeks. Going forward this week, I'm expecting the same, I'll be looking for pull back to around 0.68700, then wait for couple of rejections on smaller time frames for more precise accurate entry (you can use ATR to manage entry risks) before shorting the market to 0.67814 - where price stopped previously on weekly time frame before pushing up.
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