ForexFP

AUDCHF (1H) - SHORT

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Good morning, traders! Got a projection for you. Let's get right into it:

We will be entering this trade, only if we see a nice, clean streak of green candles, going all the way back to the Entry Point.

💱 SELL LIMIT (Medium Risk):
- Stop Loss (SL) = ~0.67993
- Entry Point (EP) = ~0.67828
- Take Profit (TP) = ~0.67600

Positive evidence:
✔️ Breakout @ ~0.67828
✔️ Retracement @ ~0.67583
✔️ EMA (50) @ above candlesticks , and between EP & SL.
✔️ Clean streak of red candles, going all the way down to the point of retracement.

Negatives:
EMA (200) below candlesticks .
❌ Overall uptrend for the past few weeks.

In our opinion, the positives are greater than the negatives. Remember: if, at any point before price hits the EP (1H timeframe), we see a decent-sized red candle form, this projection is no longer valid.

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