FullTimeTrader
Long

AUDCHF-another long term setup

FX_IDC:AUDCHF   AUSTRALIAN DOLLAR / SWISS FRANC
1011 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:
snapshot

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
Reply
It works, but there's so many better pairs in the current fundamental whirlwind to store funds
+1 Reply
Toma PRO Tom_Killick
Wow! Thank you so much Tom for taking some of your precious time to post such a useful comment.
Reply
I see by your reply that you took a page out of my book and did the same thing.
Reply
FullTimeTrader Tom_Killick
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.
Reply
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