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Audchfshort

AUDCHF - NEW DAILY LOW INCOMING? Hello everyone & Happy Tuesday! As per my last AUDCHF description, this trade still continues to show us a bearish pressure in the market, 12-hour and the daily time frames are currently attempting to make a new low, if this would happen that would be a strong higher time frame confirmation. Lovely 4-hour bearish engulfing candlestick closure to confirm our entry, there is still some space left until 12-hour previous low so we can definitely lock some profits in. We might expect to see a re-test towards MA's but the overall trend is bearish. :)
Short
by fxtraderkristina
1
AUDCHF Looking for a pullback to go short for the week of 08 AugThe fact that this pair is bearish should be evident. The 0.6700 area has been a solid resistance holding price 12 times in the last 30 days. The 50ema adds confluence to this bearish cloud that hangs above this region. Now, price could move straight down when market opens on Monday, but I am hoping that the bulls will make 1 more attempt. If that happens, it will provide a great location to take a short. Even with a generous stop, we can get a 3.7R trade with target located above the next support in the 0.6520 region. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista