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RudiMarin

AUDCHF rejected at resistance trendline. Short Favoured.

Short
Dollar australien/Franc suisse (FX_IDC:AUDCHF)  
RudiMarin Mis à jour   
FX_IDC:AUDCHF   Dollar australien/Franc suisse
Trend Analysis Chart Patterns Technical Indicators AUDCHF
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trendanalysis chartpattern indicator audchf
AUDCH is in a long term downtrend and put a serious reversal weekly candle last week when backtesting its broken rising wedge. Such rejection in a downtrend should lead to further downside. Short favoured.
Commentaire:
A closer look at the weekly reversal

snapshot
Commentaire:
4H chart: A short at 0.752 would offer a 1 to 2 Risk-Reward to target 0.73 with a stop above previous high.

snapshot
Trade fermée: ordre d’arrêt atteint:
Stop was hit during the week, Price reentered the rising wedge in a powerful move. Looking to buy the dip now on..

snapshot
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