AUDCHF daily chart short (40 day trade)
تم تحديثه
First of all, art is not a top trait of mine.. but on to more important things.
Technical analysis suggests continuation to the downside for the AUDCHF pairing. CHF is well known for being a safe and strong pair to buy into, especially coming into the December-January months which is easily read on your chart. The current price we are at, to me is a nice price to sell with a great RR ratio.
- Short term it is clear that since the decline from 0.6720, the market has tried to fight back from key levels however struggled and continued down with every pull back.
-The bullish AUD currencies have appeared to weaken towards the end of the week, suggesting a turn of the market for them.
-The CHF pairs, which also weakened continued downward, however bounced and finished stronger at the finish of the previous week and looks likely to strengthen with all the doubts in the current climate.
- *Dumb* (retail) money is majority with buyers believing the market will bounce back up. The market started the sell off since 0.6720 with suggestions it will continue its shorts.
Purple colour fill areas are areas of interest (for me)
Both short trade plans are what I anticipate to come, with one being an additional to the 40 day usual.
I am a longer term holder of trades. I expect to enter this trade on monday 07/12/20 or tuesday 08/12/20 and a golden time scale for me is usually 40 days.
Technical analysis suggests continuation to the downside for the AUDCHF pairing. CHF is well known for being a safe and strong pair to buy into, especially coming into the December-January months which is easily read on your chart. The current price we are at, to me is a nice price to sell with a great RR ratio.
- Short term it is clear that since the decline from 0.6720, the market has tried to fight back from key levels however struggled and continued down with every pull back.
-The bullish AUD currencies have appeared to weaken towards the end of the week, suggesting a turn of the market for them.
-The CHF pairs, which also weakened continued downward, however bounced and finished stronger at the finish of the previous week and looks likely to strengthen with all the doubts in the current climate.
- *Dumb* (retail) money is majority with buyers believing the market will bounce back up. The market started the sell off since 0.6720 with suggestions it will continue its shorts.
Purple colour fill areas are areas of interest (for me)
Both short trade plans are what I anticipate to come, with one being an additional to the 40 day usual.
I am a longer term holder of trades. I expect to enter this trade on monday 07/12/20 or tuesday 08/12/20 and a golden time scale for me is usually 40 days.
تم فتح الصفقة
Entered the trade at 0.66233. Going well at the moment but expect some sort of pull backs.
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