ForecastCity
Short

Don't miss the great sell opportunity in AUDCHF

FX:AUDCHF   Australian Dollar / Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.64). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 0.6323
TP2= @ 0.6234
TP3= @ 0.6072

SL: Break Above R2
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Comments

@ForecastCity has anyone gone short yet? Is now a good time?
+5 Reply
@liam159, Thanks for your comment. traders can set orders based on Price Action and expect to reach short-term targets.
+1 Reply
Well done Fantastic graph and comments.
+4 Reply
ForecastCity Alexander_007
@Alexander_007, Thanks for your comment on this idea.
+1 Reply
Thank you for your insight.
+4 Reply
@Kamryn, 👍
+2 Reply
Keep it up!

Thank you for sharing this Amazing content.
+3 Reply
ForecastCity Alexander_007
+2 Reply
Thanks for this ! Time to sell ! :)
+3 Reply
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