FinancialGamblR

AUDCHF short on the hourly rejection candle

Short
OANDA:AUDCHF   Australian Dollar / Swiss Franc
I actually published a trade idea on this pair before, but off of the weekly time frame where the trade held resisted over on the weekly time time frame. However, I did want to scale into this trade as I was not able to catch this trade right at the weekly resistance. Seeing this hourly time frame, we can observe a rejection bar that signals this pair will most likely swing low once again.
Comment:
Here is the weekly chart showing the support turned resistance level as reference.


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