AUDCHF has been ranging in a horizontal channel (0.6900 ~ 0.7080) since last month. This week, the price has broken the range to the downside, accomodated by a strong bearish impulse. Now the price is forming a bearish flag, which gives us a great opportunity to short the bearish continuation.
Entry Criteria:
First, we will wait for a breakout to the downside from the bearish flag. We will then enter sell positions on retest of the lower flag trend line . Very simple and straightforward sell setups
Entry Criteria:
First, we will wait for a breakout to the downside from the bearish flag. We will then enter sell positions on retest of the lower flag trend line . Very simple and straightforward sell setups
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.