AUDCHF VIP LONG

AUDCHF LONG
Why are we entering?
- Expecting AUD strength and CHF weakness
- We are approaching a structure level & a 0.618 Fib level

What are we waiting for to happen?
- Waiting for price to reject the 0.6516 zone
- Waiting for price to reject the structure level & fib level

What is our confirmation?
- Rejection of structure level
- 0.618 fib level rejection
- Break of DAILY EMA
- Reversal pattern (double bottom, inverted shooting star)

Entry 0.6516
SAFE Entry: Clear rejection from structure level & fib level
Risk Entry 1: At structure level
Risk Entry 2: Reversal pattern before we hit our level

Once entered, where will our Stoploss be?
- Below the structure level (below 0.6486) 30 pips

Where do we take profits?
Previous highs: 0.6671 zone (155pips)
Short term target 0.6896 zone (380pips)
Long term target: 0.7236 zone (720pips)

Keep an eye out for any reversal patterns like below