Possible sell opportunity

AUDCHF is trending in a downward channel.
It retraced to the 0.618 fib level.
Looking for reversal patterns on lower time frames.

Commentaire:

Pay close attention to any breakout out of the channel.
This would change my bias to long.

Transaction en cours:

Equal highs on hourly, RSI showing divergence. I enter a sell trade.

Commentaire:

Bearish engulfing candle forming on the 4 hour chart. 2 hours to go. Possible second entry.
Looking for an approximate 1:7 RRR targeting 0.61600.

Trade fermée manuellement:

Trade closed at break even until further signals.