AUDCHF daily trend analysis (Middle to long term trade with positive swap opportunity):
Buy limit: 0.6895
TP1: 0.7150 (255 pips)
TP2: 0.7250 (355 pips)
TP3: 0.7550 (655 pips)
total potential pips -> 1265 pips
SL: 0.6725 (170 pips)
Reward-to-risk ratio = 3.85 : 1
Descriptions:
1. Broken weekly downtrend support line and retested, look downward for a further bearish force if 0.7160 support broken. (let's see it's a false break out or break out retesting when Monday market close.)
2. Price action broke EMA200+EMA50 and retested showing strong downward force.
3. RBA cut rate and warnings for further rate cutting making AUD weak in middle long term.
4.Bullish shark pattern awaiting for completion just coincidently falls on weekly uptrend indicating strong bullish reversal potential.
CM & RM as there is no 100% profit trade.
SJ
Buy limit: 0.6895
TP1: 0.7150 (255 pips)
TP2: 0.7250 (355 pips)
TP3: 0.7550 (655 pips)
total potential pips -> 1265 pips
SL: 0.6725 (170 pips)
Reward-to-risk ratio = 3.85 : 1
Descriptions:
1. Broken weekly downtrend support line and retested, look downward for a further bearish force if 0.7160 support broken. (let's see it's a false break out or break out retesting when Monday market close.)
2. Price action broke EMA200+EMA50 and retested showing strong downward force.
3. RBA cut rate and warnings for further rate cutting making AUD weak in middle long term.
4.Bullish shark pattern awaiting for completion just coincidently falls on weekly uptrend indicating strong bullish reversal potential.
CM & RM as there is no 100% profit trade.
SJ