Skip to main content

AUDCHF Is A Compelling Short From A Long Term Perspective

2018-06-18_AUDCHF2

AUDCHF has been rejected from the yearly 7-period moving average acting as a strong bearish resistance above price. The quarterly trend is bearish as well and capping the price that broke below a rising support line. This is a  compelling short set-up targeting the lower quarterly boundary of the volatility envelop (presently at 66.57). 0.76 is a  decent stop level for this trade.

No Comments Yet

Leave a Reply

Your email address will not be published. Required fields are marked *

wp-puzzle.com logo

This site uses Akismet to reduce spam. Learn how your comment data is processed.

 
%d bloggers like this: