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Very bearish market open and drop.
Break below previous lows and support level, taking out several long holders.
Good long entries with strong risk reward, Bearish market...
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AUDCHF FOREX BREAKDOWN 02 MAY 2019
Bearish open and movement this week
Market taking out several long holders below previous support zone
Bullish waving market with good long entrys!
ENTRY @ 0.71260
SL @ 0.70620
TP @ 0.71980
(Use normal Risk!)
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After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend.
If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2%...
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Very strong bearish pin taking out several long holders.
Bearish market turning bullish now.
Very strong support holding this level now, expecting prices to push up!
after this amazing short trade we can go long now.
The market give us the signal to go long with RSI divergence at the support and the
bullish pin bar at the support.
Be patient and hold this trades with a high risk reward.
Have a good weekend.
Your Stefan Forex
watch out for signs for change on the bear run. thou signs are that it will move down a bit but soon we should get a good move up.
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There is serious support right now We have been supporting this already 4 times and the price has not been able to break, Our recommendation is not to predict the next big step but simply to take advantage of the automatic increase that was due to a meeting with the support
Stop Loss: 0.7075
Take Profit: 0.7115