AUDCHF 'Short' Trade Idea

2022년 5월 5일

The AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity.

A reward-to-risk ratio of 4.97 is possible as follows:

Entry Price: 0.70437.

Stop Price: 0.70806 (36.9 PIPS).

Target Price: 0.68603 (183.4 PIPS).