AUD/CHF - SHORT OFF DAILY TF DOUBLE-TOP.
MONTHLY/WEEKLY TF IS IN AN "ASCENDING TRIANGLE" PATTERN. PRICE IS REJECTING OFF UPPER RESISTANCE LEVEL, PUTTING IN A DOUBLE-TOP
AS SEEN ON THE DAILY CHART. PRICE IS IN A RETRACEMENT WHICH HAS CREATED A TEMPORARY "RANGE" ON THE 4HR CHART. PRICE JUST BOUNCED
OFF THE 4HR CHART RANGE HIGH, AND IS IN A PULL-BACK. A SHORT ENTRY CAN BE TAKEN NOW WITH STOP LOSS JUST ABOVE THE .7700 HANDEL.
IF TRADE PLAYS OUT, IT WILL BE A GREAT RISK TO REWARD, 7:1 ROUGHLY, TARGET IS THE PIVOT-LOW ZONE. . . . 0.7570 LEVEL.
AS SEEN ON THE DAILY CHART. PRICE IS IN A RETRACEMENT WHICH HAS CREATED A TEMPORARY "RANGE" ON THE 4HR CHART. PRICE JUST BOUNCED
OFF THE 4HR CHART RANGE HIGH, AND IS IN A PULL-BACK. A SHORT ENTRY CAN BE TAKEN NOW WITH STOP LOSS JUST ABOVE THE .7700 HANDEL.
IF TRADE PLAYS OUT, IT WILL BE A GREAT RISK TO REWARD, 7:1 ROUGHLY, TARGET IS THE PIVOT-LOW ZONE. . . . 0.7570 LEVEL.
Note
CORRECTION, RISK TO REWARD IS 4:1
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.