Our favoured pair for the coming week is AUDCHF with a beautiful 15m candle right off of our level of interest at 0.68630.
Initially this trade has been taken as a day-trade however we will look to scale into a larger position and hold for anywhere from a couple of days to a couple of weeks should the initial target at 0.68325 be convincingly broken.
Keep it real.
- First target: 0.68200
- Second target: 0.6790
A nice risk free trade from here on.
Our extended targets are now down at 0.67900 so either that will be hit or our stop loss will be hit.
Either way this has been a great trade and will more than make up for the small loss on the first entry.