Hello guys, a nice opportunity for AUDCHF LONG. Last week we had a nice bullish run in AUDs, based on that nice bullish impulse a nice deep correction was forming from mid week last week till the beginning of this week. At lower timeframes (15 min) a descenting channel formed with MACD also showing divergence. Higher timeframes (4HR) MACD showing continuation to the upsdie as well. Lets see how this trade will play out.
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Trade is playing good!! Let's see how it will continue. I moved my SL, now im risking half of my initial risk. Another 10-15 pips (1:1) and I will move my SL to entry level (BE)
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I put my SL on entry level, now the trade is on break even. Let it run risk-free in profit!!!