AUDCHF pair is clearly following a bullish trend on 4 hourly charts. I preferred to buy at 0.68843 on rebound from support S 2 just above S 1. I have placed stop loss at S 2 0.68776.
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Target placed at 0.69790 just below R 2.
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Trailed stop loss just below R 1, placed at 0.68864.
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Trailed stop loss 0.68990.
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Trailing stop loss hit. Profit of above $150 booked.
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Entered trade again in AUDCHF with a BUY at 0.68695.
Stop loss placed at 0.68271.
Trend Analysis

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