AUDCHF is in a supply area, it is the third time that price reaches this zone, we can clearly see a bearish divergence in on balance volume. These comined factors make me think about a possible drop of the pair, there are three different areas in which we could take profitsaccording to our money management and our trading style:
0.6590 : first support (you can close 25% of your trade or if you trade frequently you can close your position and open another one 15/20 pips higher)
0.6500: 61.8% fibonacci retracemnt of the bat ( you can close 50% of your trade here and set sl at breakeven)
0.6405: last demand area where lies 200-day moving average.
Use an appropriate money management.
0.6590 : first support (you can close 25% of your trade or if you trade frequently you can close your position and open another one 15/20 pips higher)
0.6500: 61.8% fibonacci retracemnt of the bat ( you can close 50% of your trade here and set sl at breakeven)
0.6405: last demand area where lies 200-day moving average.
Use an appropriate money management.