AUDCHF - 1H - Bearish Trend Continuation Strategy

Technical Analysis: AUDCHF is in a clear bearish trend, moving within a well-defined bearish channel. The pair is respecting the channel and consistently closing candles within it, further confirming the downtrend. Bearish divergence on the 1-hour timeframe supports the likelihood of continued downward momentum. The pair is printing lower lows (LL) and lower highs (LH), providing a solid technical basis for a sell setup at the breakout.

Fundamental Analysis: CHF is strengthening relative to AUD, with CHF showing consistent strength over AUD. This supports a bearish bias for AUDCHF.

Seasonality: According to seasonal trends, AUDCHF typically moves into a downtrend from mid-September to the end of September, aligning with the current technical setup.

Entry Strategy:

Entry Point: Sell at 0.56627 on the breakout of the bearish channel.
Stop Loss: Place at 0.57065, above the last lower high, ensuring proper risk management.
Take Profit 1: Set the first profit target at 0.56190.
Take Profit 2: Second target set at 0.55749 for extended gains.


This trade setup utilizes technical signals, fundamental strength in CHF, and seasonal trends to optimize entry and exit points, aiming to capitalize on the continued bearish momentum in AUDCHF.
Chart PatternsFundamental AnalysisTrend Analysis

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