jamersonhayes

AUDCHF Downward Trend at Resistance

Short
jamersonhayes Mis à jour   
OANDA:AUDCHF   Dollar australien/Franc suisse
Entry Price: 0.73659
SL: 0.73781
TP: 0.71318

I've seen a lot of traders reporting that they are going to bullish in favor of the AUD.
I don't agree yet, I believe that during the RBA Rate Statement on Tuesday, the bank will decide to keep rate unchanged.
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Throughout the week, I'll most likely be a bear looking for scalps in favor of downward momentum.

Disclaimer: This trade isn't advice. It's my personal analysis shared publicly.
Commentaire:
Pair broke out of the declining resistance lines, but are still within the last weeks high resistance.
Commentaire:
Flag pattern formed; Looks completed and ready to fall now.
Commentaire:
Right now this is a failed trade; Will need to analyze later.

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