Today was a day where the AUD took a beating, until it reached the support of 0.6420 and stopped falling. We may have a chance to see some bulls here.
Trade with a risk/reward of 1/3 in TP1 (0.6455), 1/7 in TP2 (0.6500) or 1/8.30 in TP3 (0.6520).
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation.
Note: If we miss entry by 1-2 pips I will execute manually!
Target 1: 0,64450
Target 2: 0,64290
Target 3: 0,64000
The long-term trend for AudChf is clearly down and after the V shape recovery from 0.54 low the pair spent the last 4 month in a consolidation.
Now this range is broken down and I expect a continuation south.
In my opinion, rallies should be sold in search of a R:R of more than 1:2
This is a preparation for AUD / CHF.
Market movement according to the previous analysis.
good luck 👍
AUD/CHF : Daytrade-preparation!! SHORT
Market-Sell : -
Stop-loss : Close Break :0.64790
Target : 0.63450
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