AUDCHF correction move on daily. Looks like it's ready to go up on the 1H timeframe. Usually, I would have done a market execution but this way seems safer?

(For future note, the coronavirus is having a heavy impact on the markets, so take this into consideration when looking back at this trade as it is definitely a factor).

Trade posted Friday night, 20th March 2020.

NOTE: This is not a signal! Posts are for journaling only.
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Daily
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(Note that I drew the parallel channel just in case)
Trade attivo
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Nota
SL moved to profit and TP moved to this level. Less volume so banks could be readying their positions for shorts
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Trade chiuso: obiettivo raggiunto
RR: 1.15
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AUDCHFaudchflongFibonacciMultiple Time Frame AnalysisTrend Analysis

Declinazione di responsabilità