Audchftrade
AUDCHF is in bearish modeRespected followers, AUDCHF is comes into bearish mode. As we can see that AUDCHF clearly rejected it's very long term trend line, which indicate of strong selling pressure.
AUDCHF bearish bar dominant on daily outlookSimilar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller reward to risk ratio. Nevertheless, profit target has not been set and stop loss will be tightened up as this pair continues lower.
~Financial Gambler, or at least that's what they call us retail traders
