AUDCHF short on the hourly rejection candle

I actually published a trade idea on this pair before, but off of the weekly time frame where the trade held resisted over on the weekly time time frame. However, I did want to scale into this trade as I was not able to catch this trade right at the weekly resistance. Seeing this hourly time frame, we can observe a rejection bar that signals this pair will most likely swing low once again.

Kommentera:

Here is the weekly chart showing the support turned resistance level as reference.