Long signal in the AUDCHF

If you don’t trade the AUDCHF please take a closer look today.

In the long term charts you’ll see a very clear bullish condition, therefore only long opportunities should be in play.

Now, take a look to the short term charts:

It is trading in a very clear range, and it looks like it is being rejected from an important support level. So both, short term and long term charts agree, which makes this cross a good candidate to trade.

Here are the details of my order:

Short entry order: 1.0249 (still pending)
SL: 1.0195
TP: half at the top of the short term range, and rest 30 at 1.0545

What do you think?

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AUDCHF Analysis, forex

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .