okoukonicharles

AUDCHF 'Long' Trade Idea

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
A 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level , signalling a rejection of the same level and providing a buying opportunity.

An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your stop at 0.68162 (about 29.0 pips) and target at 0.70592 (about 214.0 pips).

Please check with your setup before placing any trade.

Happy trading!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.