OANDA:AUDCHF   Australiensisk dollar/Schweizisk franc
Very messy chart but hope my idea can get through. AUDCHF has been making lower highs and lower lows . The direction for me for AUDCHF at the moment is down . AUDCHF tapped into a valid supply zone and immediately gave a strong reaction . I entered first initially after the H1 showed me a bearish engulfing and scaled in another trade once price tapped into the m15 supply zone . The first trade has the lower risk:reward ratio whereas the second trade i took has a higher rrr . I will be closing my first trade at 1:3 rrr and will be holding the second trade all the way until the daily demand zone which is about 1:10 rrr . The fibonacci aligns with the 0.78 ratio and the trendline is pushing down . Strcutures were broken on the H1 timeframe which further justifies my confluence for a sell .Happy Monday and happy trading week all !
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