AUDCHF rejected at resistance trendline. Short Favoured.
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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.
註釋
A closer look at the weekly reversal
註釋
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.
交易結束:達到停損點
Stop was hit during the week, Price reentered the rising wedge in a powerful move. Looking to buy the dip now on..