AUDCHF TRADE IDEA - M PATTERN OR HEAD & SHOULDERS
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We are currently running 24 pips from entry, based on the Weekly M pattern where we have entered on the wick of the candle. The market has also printed a W formation on the daily, though we might not take it due to the bearish momentum as well as we will not get a 1:3 RRR for that trade, though there are 2 possible reentry, should it retest the entry then BE then reenter again while waiting for an M pattern or a Head & Shoulders pattern where we enter again on both scenarios for a continuation to the downside.
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
We are currently running 24 pips from entry, based on the Weekly M pattern where we have entered on the wick of the candle. The market has also printed a W formation on the daily, though we might not take it due to the bearish momentum as well as we will not get a 1:3 RRR for that trade, though there are 2 possible reentry, should it retest the entry then BE then reenter again while waiting for an M pattern or a Head & Shoulders pattern where we enter again on both scenarios for a continuation to the downside.
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
Trade closed: target reached