AUDCHF is Approaching Dynamic Support - Potential for a reversal Long

FX:AUDCHF60

Australian Dollar/Swiss FrancFXCM

Description

⋅ Jan 24, 2019 10:54 AM

Hey Everyone,
AUDCHF is expected to go with a short term analogy we could score +50 PIPS with this trade!

Comments

Lirshah

⋅ Jan 24, 2019 5:27 PM

Waiting to hit 0.712 too,
Have the best trades

Erland

⋅ Jan 24, 2019 11:04 AM

Please see daily chart and see the last 5 D1 candles - they all keep sliding down as D1 channel down it pushing it.if 0.705 does not hold - it is going down. A more likely place would be 0.69 for a Buy. 0.703 may offer a small pullback of 30-50 pips but why risk buying on a channel down?

BloomFisher

⋅ Jan 24, 2019 11:06 AM

@Erland, Quick 30-40 PIPS trade, so it's kinda doable but let's see!