globalfxkingz

AUDCHF LARGE SHORT APPROACHING

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
A large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel.

Price has formed a triangle shown above and has broken out of it to the downside and has already to come back up to retest. We could see a large short from this position, the drop has already started however the trade is still a long way to go. Global Forex Kingz members were sent this signal at the retest zone of the triangle and are in a risk free +25 pip short trade already. The targets are marked out on the chart above.

Target 1 and 2 are shown by purple rays

Comment: TARGET 1 REACHED AT THE 0.70809
Trade closed: target reached: TARGET 1 ANND 2 HAVE BOTH BEEN REACHED
Trade closed: target reached: TARGET 3 REACHED

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