Shorting AUDCHF
Price action on the monthly time frame suggests that AUDCHF may be in for a fall. Price is retesting and old support now turned resistance.
Comment:
Entry orders are placed in the green circle. Stop losses will be placed in the red circle.
Entry orders are placed in the green circle. Stop losses will be placed in the red circle.
Trade active:
Price reached my entry.
If stop loss is hit, I lose 1/4% of my account.
If stop loss is hit, I lose 1/4% of my account.
Comment:
Bear candle posted on daily time frame.
Comment:
Rough look at entries and stop losses.
Daily time frame posted a bear candle. This is my signal to place short orders on the 1H time frame.