maskedman
Short

AUDCHF HNS completing for possible retracement

FOREXCOM:AUDCHF   Australian Dollar / Swiss Franc
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RBA seems to be keeping a lid on the Aussie, which is also more vulnerable to disappointing prints in China than it is buoyed by good prints. Aussie vulnerable to FED hawkish rhetoric. A recent upturn in sentiment around the Swissie makes this an interesting pair to watch this week. Enter at a confirmed break of the support zone around the neckline or at a successful retest within that zone once it has become resistance. Place initial stop-loss within the rising channel alongside the pitchfork , and move to breakeven at E2, when I will be pyramiding (and again at E3). I will take some profit off the table at E3 if the move has gone without a hitch to that point. T3 will be time to lock in profit.
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