AUDCHF Long

Setting up buy stop order above R1 pivot line soon with TP @78 and SL just few pips below R1. With AUD going stronger lately and daily chart showing a new level of S&R (above @76.5), as well as on stronger bullish sentiment on AUD and bearish sentiment on CHF among non-commercial traders in COT, this pair seems to be ready to recover in the long run (weekly chart also seems to show a reversal now).

www.econotimes.com/F...se-above-077-5760301


D:

W:

Confidence: A (fundamentals, technical and sentiment are all aligned to bullish bias)

Comment:

Thanks to China's disappointing CPI and Trade Balance lately, AUD starts to slide. So, I will probably trade AUD pairs and resume this idea next week.

www.fxstreet.com/new...ts-jump-201703080342