AUDCHF Long Trade Setup

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A bullish opportunity recently presented itself on the aussie-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.64000 psychological level, indicating a rejection of the level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.67512 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.

AUDCHF

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Your FX Plug

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Unfortunately, my stop loss was hit and I lost this trade.