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Long

A buy on every dip for now until upside targets are reached

FX:AUDCHF   Australian Dollar/Swiss Franc
The latest downtrend for AUDCHF             has run since August 2012.
A measured fib move on the weekly shows that price has hit 1.618
early this month (Sep 4th)

Price is moving in large choppy swings here on the 60 min chart
but is now heading towards 0.6930. A bounce there is to be expected
but I expect price to try to break and clear that level.
As that is done I expect price to try for 0.77 and then 0.82

In other words a buy on every dip for now

Stay awesome
Hi Rolo, I was wondering what you think about holding a long aud/chf trade with low leverage for several months or longer. We are near historic lows and the roll is positive, so I think it might be a good idea. Do you see any potential downsides/risks to this trade? Any advice would be greatly appreciated.
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