ThinkingAntsOk

Bearish Setup on AUDCHF, we have the pullback!

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Today, we will share a short setup on FOREX

The main idea here is:

a) The price was inside an ascending channel , and we have a bearish breakout

b) After that first impulse, we are observing a pullback (retest of a broken area)

c) From a technical perspective, pullbacks are continuation structures.

d) Now we have a clear corrective structure, and we will trade below B with the target on the last Fibonacci Extension

e) We will risk 1% of our capital, and we will move our stop into break even in the first Fibonacci Extension .
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