AUDCHF: Potential Short Position

2024年9月5日

Considering a potential short position on AUDCHF if a bearish pinbar forms on the H4 chart. The plan is to use a STOP order on the H1 chart to enter the trade, allowing us to ride the trend lower if it continues, while avoiding execution if the trend doesn't persist.

I still anticipate an uptrend for AUDCHF on the larger time frame, so a shift to a buy position will be considered later. This short position is intended for a short to medium-term period only.

2024年9月6日

交易結束：目標達成

Took profit at 30 pips.
There's some resistance at around 0.56570 where there's confluence of 2 Fibo levels. Breaking below this, we can expect to see it go to the monthly pivot as marked.