Reason:
Liquidity grab
Break of structure
FVG (imbalance)
1 Fundamentally CHF is stronger than the AUD
2. COT Data showed me that over the past week CHF has been bought by smart money and the AUD been sold
3. Retail sentiment are majority long on this pair
Keep in note that price might drop further so if that happens adjust your fibonacci retracement tool. this is just an idea
Liquidity grab
Break of structure
FVG (imbalance)
1 Fundamentally CHF is stronger than the AUD
2. COT Data showed me that over the past week CHF has been bought by smart money and the AUD been sold
3. Retail sentiment are majority long on this pair
Keep in note that price might drop further so if that happens adjust your fibonacci retracement tool. this is just an idea
Trade closed: stop reached