Trade Reference Number: 4411
DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET!
I am patiently waiting for markets to open up again. AUDCHF is currently first on the watchlist. I'm looking for a low volatility opening and a build-up of buy pressure during peak Asia hours. If we see the hourly candle hold above 0.63597, we will look to begin making our long entries. A 2-step take-profit system would be in place, and the first TP is located at 0.63906, which would yield 30 pips (0.48%). The 2nd TP which would liquidate the trade in full has been set at 0.64394 (49 pip additional from TP 1).
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 1-hour candle close below the retest zone 0.63601.
DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET!
I am patiently waiting for markets to open up again. AUDCHF is currently first on the watchlist. I'm looking for a low volatility opening and a build-up of buy pressure during peak Asia hours. If we see the hourly candle hold above 0.63597, we will look to begin making our long entries. A 2-step take-profit system would be in place, and the first TP is located at 0.63906, which would yield 30 pips (0.48%). The 2nd TP which would liquidate the trade in full has been set at 0.64394 (49 pip additional from TP 1).
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 1-hour candle close below the retest zone 0.63601.