Hello traders,
In this Analysis you can see that the AUDCHF price on the 1D chart (1 Day per candle) is crossing the resistance line after resisting at a low level. The High level has been set at around 0.69286 Level. As for the new the price broke a resistance level at 0.68538 it is possible that the price will continue to decrease.
My entry details:
- Entry Level: 0.68143
- Take Profit level: 0.69019
- Stop Loss level: 0.67529
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 0.68538
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- SELL signal(s).
News avoidance (?)
- CPI number news event to avoid, 02.11.2021 / CPI numbers
In my opinion it is possible that the price will drop and a SELL position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
In this Analysis you can see that the AUDCHF price on the 1D chart (1 Day per candle) is crossing the resistance line after resisting at a low level. The High level has been set at around 0.69286 Level. As for the new the price broke a resistance level at 0.68538 it is possible that the price will continue to decrease.
My entry details:
- Entry Level: 0.68143
- Take Profit level: 0.69019
- Stop Loss level: 0.67529
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 0.68538
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- SELL signal(s).
News avoidance (?)
- CPI number news event to avoid, 02.11.2021 / CPI numbers
In my opinion it is possible that the price will drop and a SELL position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.