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Wicktator

AUDCHF - Quick 120 pips (High probability trade)

Australian Dollar / Swiss Franc (FX:AUDCHF)  
Wicktator  
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis AUDCHF aud chf XAUUSD signal pips MARA noorul analysis
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trendanalysis chartpattern waveanalysis audchf aud chf xauusd signal pips mara noorul analysis
Multiple confluences:

Structure
1hr 50EMA
Trendline
618 fib retracement

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Comments

Dsndj18
I'm a beginner trader.

Do you think that the resistance it is hitting on the 4 hour chart and having an RSI of 74.9 (overbought) on the 4 hour chart give it a chance to drop at this point instead?
+1 Reply
Wicktator Dsndj18
@Dsndj18, Its all about weighing up your confluences. If you find that you have more things aligning for a long e.g. trendline, structure, fibonacci etc, then I'd happily go for longs rather than one confluence for a short
+1 Reply
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