hubertheong

AUD/CHF - Pullback then short

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
AUD/CHF - 04/05/2020

The price has broke out of the ascending lower trendline and is testing the support level at 0.6131. I foresee that the price will be pulled back to retest the previous support level. Hence, I am now waiting for the pullback along with the bearish confirmation for my setup to risk less.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.