Looking to go short on AUDCHF if the following conditions are met; we are hoping to see the bulls take price up to 0.67929, once the price reaches the level we will wait to see some struggle breaking past 0.67929. If we see price struggle and close below the entry-level we will begin making our short entries.
Once our entry has been made we will wait until AUD drops to 0.65139 where we will take half the profit from and lock in the remainder stop-loss at break-even. We may see a slight reversal from this level back to our trend around 0.67182 before continuing down to 0.63370 where our full trade will be complete.
Once our entry has been made we will wait until AUD drops to 0.65139 where we will take half the profit from and lock in the remainder stop-loss at break-even. We may see a slight reversal from this level back to our trend around 0.67182 before continuing down to 0.63370 where our full trade will be complete.