All the details of this trade idea can be hear and seen in the video. AN important sidenote is that DXY, the USD INDEX, is showing bearish signs (to us atleast)
The video explains technical factors as well economic events that support buying USD/CHF. SL, TP & entry have been illustrated.
In this video, we take a look at AUDCHF and our current position. We nearly got stopped but the price reversed from the key resistance and continued lower. Now we are heading towards targets we need to look to manage the trade.
The video explains where is new TP and why to place TP there.
SL, TP and entry point have been illustrated in the video.
USDCHF price is currently back at the daily range highs where the price could find resistance. Looking to the 4hr timeframe we can see the price forming a double top pattern and if the price breaks through the lows of the pattern we expect to see a move lower.