AUDCHF Low Risk Sell on Price Squeeze

FX:AUDCHF   Australian Dollar / Swiss Franc
Prize have been squeezed on this correction trend line and has met the longer term resistance trend line
Somethings got to give
I am short at .7350
Stops above previous structure
Aggressive entry, but low risk entry
Comment: stopped out.
the breaking of the downtrend line took more significance , especially as price retested it as support
this, and the correction I traded went on for too long, hence it was an impulse move and not a correction.
i thought about taking profits and going long because of the longer downtrend line holding as support. next time i will listen to my gut, read the price action and not hesistate

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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