The AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity.
A reward-to-risk ratio of 4.97 is possible as follows:
Entry Price: 0.70437.
Stop Price: 0.70806 (36.9 PIPS).
Target Price: 0.68603 (183.4 PIPS).
A reward-to-risk ratio of 4.97 is possible as follows:
Entry Price: 0.70437.
Stop Price: 0.70806 (36.9 PIPS).
Target Price: 0.68603 (183.4 PIPS).
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