AUDCHF Sell Setup

Nov 28, 2023

Today, we will analyze AUDCHF
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.


Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.

Nov 30, 2023

Note

The POI Zone was strong enough to change the short-term trend
the highest low in the major correction wave is broken that might gives us the opportunity to join the sell setup in lower time frames

Dec 10, 2023

Note

after breaking the low and minor correction, the liquidity zone (determined in the chart) is taken, it will slow down the movement

Dec 15, 2023

Note

The liquidity zone at 0.5724 proved influential, altering the short-term trend in AUDCHF. The price has returned to the entry point and reached the previous high. Holding onto this setup now carries more risk compared to the initial touch at the entry

Dec 30, 2023

Trade closed: target reached

target is touched with a reasonable drawdown
it gave multiple opportunities to enter sell setups in the lower time frames