AUD/CHF, DAY CHART, SHORT (27-NOV-2016)
AUD/CHF is trading in the range between the resistance and support zone indicated.
In recent times, the price is trading in a downward channel.
The price is approaching the resistance zone and the upper side of the downward trendline.
We see the recent candlestick as a bearish pin bar.
If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good.
Trade safely with proper risk management :)
In recent times, the price is trading in a downward channel.
The price is approaching the resistance zone and the upper side of the downward trendline.
We see the recent candlestick as a bearish pin bar.
If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good.
Trade safely with proper risk management :)
Trade active:
Now, after breaking the upper downtrend line...There is a strong bearish bar appeared.
A good signal to short.
EP: 0.75064
SL: 0.75985
TP1: 0.74001
A good signal to short.
EP: 0.75064
SL: 0.75985
TP1: 0.74001
Trade closed manually:
A dangerous bullish signal appeared.
Decided to exit early and absorb the lose of 34 pips.
Always analyze your trade with a neutral of mindset.
Decided to exit early and absorb the lose of 34 pips.
Always analyze your trade with a neutral of mindset.
