AUDCHF Downward Trend at Resistance
Entry Price: 0.73659
SL: 0.73781
TP: 0.71318
I've seen a lot of traders reporting that they are going to bullish in favor of the AUD.
I don't agree yet, I believe that during the RBA Rate Statement on Tuesday, the bank will decide to keep rate unchanged.
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Throughout the week, I'll most likely be a bear looking for scalps in favor of downward momentum.
Disclaimer: This trade isn't advice. It's my personal analysis shared publicly.
SL: 0.73781
TP: 0.71318
I've seen a lot of traders reporting that they are going to bullish in favor of the AUD.
I don't agree yet, I believe that during the RBA Rate Statement on Tuesday, the bank will decide to keep rate unchanged.
---
Throughout the week, I'll most likely be a bear looking for scalps in favor of downward momentum.
Disclaimer: This trade isn't advice. It's my personal analysis shared publicly.
Comment:
Pair broke out of the declining resistance lines, but are still within the last weeks high resistance.
Comment:
Flag pattern formed; Looks completed and ready to fall now.
Comment:
Right now this is a failed trade; Will need to analyze later.