AUDCHF: Important Breakout Short

Australian Dollar/Swiss FrancFXCM

Description

⋅ Oct 19, 2020 6:34 AM

AUDCHF broke below a major daily horizontal support.

now the price is trading below structure and we see an attempt to retest the broken level.

I will expect a bearish reaction from a contracting area between a falling trend lien and above mentioned horizontal level.

look for a signal on a lower time frame to short the market.

next goal will be 0.64

Comments

ProjectSyndicate

⋅ Oct 19, 2020 10:32 AM

I agree with you. seems like the key S/R level on your chart was tested
too many time already and got weak in the process. may break now.

VasilyTrader

⋅ Oct 19, 2020 11:42 AM

@ProjectSyndicate, thank you for comment bro!!!

WiseForX

⋅ Oct 19, 2020 10:07 AM

Seems pretty good and possible.

VasilyTrader

⋅ Oct 19, 2020 11:40 AM

@WiseForX, thank you my friend!

VasilyTrader

⋅ Oct 19, 2020 6:34 AM

Do you agree with my view?

Aydin_

⋅ Oct 19, 2020 6:49 AM

@VasilyPonomarev, Hello Vasily.
yeah, it looks like there is a very good setup here.
btw I like your trading style and learning alot from you in this process, thank you for sharing your ideas.

VasilyTrader

⋅ Oct 19, 2020 10:08 AM

@Aydin_, you are welcome buddy 🙏🙏🙏