See daily chart of AUDCHF below for the discussion that follows.
AUDCHF broke resistance this past week. Should we get a retest of this area and I see bullish price action / candles (confirmation that resistance turned into support), I will consider going long.
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.