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halian2k
Feb 15, 2024 12:28 PM

AUDCHF Bearish 1H TF (AB=CD,Double Top,Divergence,Break of HL) Short

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF shows a bearish bias based on:
(1) Bearish Divergence
(2) AB=CD Pattern (Reversal)
(3) Double Top Reversal
(4) Dow Bearish Continuation (LLs and LHs)
(5) TP at Fib Level 50% and 61.87%

Trade Plan (Bearish Bias)
SL: Previous HH
Entry: Sell at CMP
TP1 and TP2: 1:2 reward.

Note: If not confortable with TP2, you can go for only one TP1 or upto 50% fib.

What do you think, will it work?
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