traderjoshh
Short

AUD/CHF SHORT OF WEEKLY 50 RETRACEMENT FIB

FX:AUDCHF   Australian Dollar / Swiss Franc
12 0 0
Purely technical analysis , we've already seen a double top and another lower high after the trendline was broken. This lower high was a 50 retracement fib and after hitting it melted. It is now retracing again and using the high from the previous retracement we can now see price moving back up to crash down again is what i think. Will be looking for an entry around the rejection of the 50 retracement level.. with tight stops above the rejection level.
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