Intraday: Short AUD/CHF as it approaches Supply Zone
Reason:
1. Prior consolidation before down move, shows hidden selling activities - sellers will be likely to defend their positions at this level
2. Prior support turned resistance after price successfully broken through as highlighted
One concern is that the consolidation is not as much as we like, may see small reactions but let’s see how it goes.
EP: 0.7086, 20 pips tp/sl
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
1. Prior consolidation before down move, shows hidden selling activities - sellers will be likely to defend their positions at this level
2. Prior support turned resistance after price successfully broken through as highlighted
One concern is that the consolidation is not as much as we like, may see small reactions but let’s see how it goes.
EP: 0.7086, 20 pips tp/sl
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Comment:
Losing trade.
Trade closed: stop reached:
Trade was stopped out.