Tradingwithtamil

AUDCHF: Resistance Break-off Failure Runs towards South.

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Hello traders,

Ascending trend resistance break off failure triggering the structure reversal. In a daily time-frame, the pair having a good chance for a reversal from the current trend this reversal attempt could highlight the 0.72936 as a confirmation for the trend decline. The continuous decline after 0.72936 might tend an Impulse towards the south the 0.71342 gonna be the next target.

Alternatively, Aud domination may keep the trend in Northern Hemisphere. In this case, sellers' have the hope until 0.73891 breaks out if the price range continuously raging in North, end your trade @ 0.74343.

Signal Specification

Enter: 0.73481

Tp: 0.71362

Sl: 0.74363

R/R: 2.4

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Happy trading.

Trade closed: target reached: The pair made 21.2 green pips.