AUDCHF Short Opportunity

5 mai 2022

H4, H1, M30, and M15 are oversold

Against the trend but there is a harmonic pattern on H4 and H1

Stop loss is 50 pips above

1st target is 0.6990

5 mai 2022

Note

Here are the reasons that most traders would be selling this.

1) Harmonic pattern present
2) 5 H4 candles are showing tails to the top
3) Pair is approaching daily resistance
4) H1 shows massive divergence
5) All RSI is overbought

6 mai 2022

Transaction en cours

The pair hit the target perfectly. We have closed half the position.

06/05/22 DEAL AUD/CHF Mini converted at 1.398093847521275 SD SD23.49
Funds: SD10,186.44

6 mai 2022

Trade fermée: cible de profit atteinte

Held this trade for 46 pips. Expecting the pair to make a recovery so looking for short opportunity later on.

06/05/22 DEAL AUD/CHF Mini converted at 1.39870195375406 SD SD13.93
06/05/22 DEAL AUD/CHF Mini converted at 1.399338559616625 SD SD9.94

Funds: SD10,316.98