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AUD/CHF Potential Downward Movement

AUD/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.6357, 0.6392, 0.6437

Key Support Levels: 0.6280, 0.6239, 0.6196

Daily Chart:

The price on the higher time frame has been in a downtrend for some time and it has recently broken a small consolidation zone of 0.6722 and 0.6587 to the downside. The pair is facing small resistance at 0.6440. It has sustained below that level and now continuing the trend. 

AUD/CHF Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price has maintained a bearish trend after the break of a support level at 0.6437. It has now also broken and retested a minor level of 0.6357 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.6330

TP 1 @ 0.6286

TP 2 @ 0.6242

Stop Loss @ 0.6374

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

7 comments

  1. Hi Vipul,

    If we put in an order and it doesn’t get matched by let’s say the end of the European session do we cancel it?

    I only ask as this only got activated at 22:00

    Please advise

    Thanks
    Jay

  2. Hi sir, can a Indian student in Germany like me trade Forex?

  3. Hi Vipul
    I would like to know how to use the buy/sell stop order.

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