Disclaimer : This trade idea is for educational purposes only and not an invest advice.
Trade narrative why i am short on AUDCHF.
1. This is a trend following strategy utilizing the impulsive corrective impulsive sequence to the downside on 1H TF.
2. There is breakdown on the breaker block creating a sell of and indicates that sellers are in control.
3. Price is below the 200/50 EMA that adds up the bias for being on the sell side.
4. This could be a short term swing trade and I will closed this trade before that markeyt close today irrespective of PNL.
Trade narrative why i am short on AUDCHF.
1. This is a trend following strategy utilizing the impulsive corrective impulsive sequence to the downside on 1H TF.
2. There is breakdown on the breaker block creating a sell of and indicates that sellers are in control.
3. Price is below the 200/50 EMA that adds up the bias for being on the sell side.
4. This could be a short term swing trade and I will closed this trade before that markeyt close today irrespective of PNL.