AUDCHF-another long term setup

FX_IDC:AUDCHF   Australian Dollar / Swiss Franc
1013 5 21
If you are a long term trader and do no want to stay in front of your screen all day this is a good opportunity.
I think all AUD pairs bottomed and are starting a long term rally. My minimun expectation is to hold long positions until late december this year.
This pair is recovering from all-time lows, we can see it clearly on monthly chart:

Here on D1 chart price broke a strong trendline resistance and is gaining stability above the pycholevel 0.7000
SL and targets on chart. Im already long on other AUD pairs and will no trade this one. Choose your prefered one.
Happy weekend!!

Comment: First and second target hit.
Green is green and this one is a perfect setup and am in coming all the way to the .99
It works, but there's so many better pairs in the current fundamental whirlwind to store funds
+1 Reply
Toma PRO TomProTrader
Wow! Thank you so much Tom for taking some of your precious time to post such a useful comment.
I see by your reply that you took a page out of my book and did the same thing.
FullTimeTrader TomProTrader
Hello, thanks for comments. Although im basically a technical trader i do agree that fundamentals drives the markets, the knowledge of where the big money goes from time to time. I read some news but i have pending a deep study next years. Regards.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out