AUD/CHF 1/26/2021 17:55 (DEMO)

AUD/CHF 1/26/2021 17:55 Day trade
Fundamental/Sentimental
News Events: CPI. Moves expected today
Market Sentiment: Mixed
Technical
Time Frame Analysis:
Larger time frames show price will likely see a correction here soon
4H: Time is moving bouncing between certain levels
1H: Price is consolidating quite a lot, 50% is barely holding its weight.
Reason for Trade:
Price was consolidating right on top of a 50% indicating it was barely able to get up ito that level. A supporting trend was more likely than resistance.
Indicators: RSI says we could go up a bit more before heading down.
Entry
Order: LIMIT SELL at 0.68719
Position: 0.05, 5000USD
RR: 3.18