Today’s AUD/CHF signal
Risk 0.5%
Trade can be entered as late as 8 AM New York time, or afternoon London.
Trade 1 – short
• sell at 0.7440
• stop loss and 0.7520
• target 0.7380
Trade 2 – long
• buy at 0.7520
• stop loss and 0.7450
• target 0.77
• stop loss moved to break even at 40 pips profit
AUD/CHF analysis
The AUD/CHF pair is finding quite a bit of resistance in the form of a 0.75 handle, and as a result ended up forming a shooting star, one of the more bearish candlesticks that you can form. Write down below the bottom of the candlestick I believe that we will continue to consolidate and make a quick pullback. The Australian dollar is somewhat listless at the moment, while the Swiss franc remains fairly stable. Ultimately, this is a simple range play.
