AUDCHF Is the short position just around the corner?

٢٨ أبريل ٢٠٢٣

On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price gives us an opportunity to enter a short position.

Let me know what you think.

Happy trading to everyone.

Forex48 Trading Academy