SPONGE
Short

AUDCHF SHORT ON BIG RESISTANCE

FX:AUDCHF   Australian Dollar/Swiss Franc
11 0 1
If AUDCHF             comes back up, I will be entering short at around 0.7077. Price should bounce off several predictive indicators. A previous resistance line, A Trend line , a 0.5 Fib level, a daily pivot point , and the 200 ma on hourly.

I will be putting my stop just above 0.71 - a double zero level, Another potential resistance point.
I will be putting my stop down at 0.69700 just before a significant support level

You could probably go long on the 0.69700 level too.
There is no news scheduled for the day.

Good luck traders!

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