lakishnarayan

AUDCHF - Looking for reaction of 0.68600 level

Short
OANDA:AUDCHF   Australian Dollar / Swiss Franc
My apologies! I can't publish this setup on which I found on the Lower time frame, so I have used the 15m

AUDCHF
SELL LIMIT @ 0.68620
Stop Loss: 0.68650 (Add Spread)
TP 1 (1R): 0.68590 (Scalp TP OR 20% partials / Stops → BE)
TP 2 (3R): 0.68529 (30)
TP 3 (5R): 0.68468 (30)
TP 4 (10R): 0.68316 (20)

Explanation: On the lower timeframe price rejects multiple times, before showing bearish price action. We then get a secondary Break of Structure in the lower timeframe structure. Looking to see the price reject off the level and give us some downside movement to at least .68500 level.

Please remember the TP guidance is for basic partials, if you are advanced use structure and price action to guide your decision-making process.

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