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MMFXSignals
Sep 14, 2020 10:22 AM

AUDCHF ANALYSIS Short

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF broke uptrendline
Pair is based below resistance level at 0.6640
Price is based below HVN at level 0.6614 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 0.6597 to open short trade
It's expected for coming bearish movement to target demand zone at level 0.6506
Comments
Md-Chonchal
Good idea
MMFXSignals
@Md-Chonchal, thanks
Chiangmaipie
if pushed higher, 67possibly looks a good entry point to sell. imo
ProjectSyndicate
appreciate your effort. great setup.
MMFXSignals
alexandredewerpe
Any stop loss level recommendations?
MMFXSignals
@alexandredewerpe, above resistance level at 0.6640
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