AUDCHF is currently descending from the lower high area of the channel, visible in both the 4-hour and daily charts.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
💡 Trading Strategy:
This trade is grounded in a mix of technical analysis and candlestick patterns. It's a long-term position, so ensure ample margin to manage market fluctuations. Employ proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
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📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
💡 Trading Strategy:
This trade is grounded in a mix of technical analysis and candlestick patterns. It's a long-term position, so ensure ample margin to manage market fluctuations. Employ proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📣 Like and Share for More Insights! 🔄✨