AUDCHF is hitting multiple resistance levels on H1 and M30 timeframes, all hitting 50EMA and 500 fib.
I anticipate a pullback towards the 50EMA on H4 and the Pivot.
Looking for a simple 1:1 RR, but low exposure as its not certain to reverse. Deceleration at lower timescales implies a reversal.
I anticipate a pullback towards the 50EMA on H4 and the Pivot.
Looking for a simple 1:1 RR, but low exposure as its not certain to reverse. Deceleration at lower timescales implies a reversal.
Kommentera:
Some reversal but not as strong as I would like. Monitoring manually and brought the SL in slightly to minimise exposure. Still anticipating further downward pressure but maybe not a lot. May be supported by 500 fib.
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Reversal is still current just taking a little longer than forecast. Comfortably profitable but watching for any possible rebound off the 236.
Trade stängt: målet nått:
Profit taken :)