On AUD/CHF we see a nice opportunity here for a short trade. The price has been nicely between the support and resistance zone. We can leverage this by trading a short position. The price is really close to the resistance now, which gives the best risk-reward for trades using support and resistance. If the price does break through the resistance in the end, the loss is minimized. If the price follows our idea, we maximize the profits. This is a great moment to enter AUDCHF!
--- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!