See daily chart of AUDCHF below for the discussion that follows.
AUDCHF broke below an important support level this past week…take a look at the weekly chart and you’ll see it more clearly. If price can retrace back to resistance (previous support), I will look to go short if I see price action / candles as per my strategy.
Be careful trading out there.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.