AUDCHF. Wait for a Fake Break out, then sell one more down wave

AUDCHF is currently in a up wave correction for a bigger down wave. We are possibly getting near a key level that will be faked out once, then will return back in the sell zone. If this occurs and price action is showing momentum to the downside, then you can enter a sell near the key level. AUDCHF is due for one more wave down, but I'm anticipating a larger wave up. When structure is showing this, I will update. I may short this week AUDCHF if I see the price do what I anticipate it to do. I will update when I enter the trade. I use very tight sl, so If this trade setup fails, I will wait for the bigger wave up, and be flexible to what the market is telling us.

Trade active

Comment:

Closed TP 1 near that zone. Broke even on last lot

Comment:

I have moved my stop way into profit Risk Free

Trade closed: target reached