Wahid_Elgohary

AUDCHF Long Idea

Long
Wahid_Elgohary Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
Very solid entry to long AUDCHF for a LONG PERIOD OF TIME.

You would get paid for holding such pair, and this is a perfect entry on daily and weekly time frames

The entry is not confirmed on smaller time frames yet, so you should trade with care and with small position size / low leverage.

Alternatively, you could enter with small position size right now (at a cheap price) and add to the long positions once the momentum and price starts gaining bullish grounds.
Comment:
Trade active:
Entry identified on the 15min and 1hour chart. Price - RSI divergence just at the significant level.

TP at top of range 0.7700
SL below the significant zone at 0.7240

Comment:
We are seeing strong bullish breakout. Its another signal to add to the long trade, but I personally do not like to add to the trade after its entry. It does not work for me.

Buckle up, it is heading to the mooooooon xD.


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