Hello and welcome to my Trade Idea of the currency pair AUD/CHF:
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
Comment:
We're still waiting for a clear break before we do anything.
Trade active:
Now we're in. Let's see my friends.
Comment:
The trade is going well, there has been a nice reaction to the counter trend line.
Trade closed: target reached