ONE THING LEADS TO ANOTHER - AUDCHF LONG INTO SHORT
2 SET UPS HERE ON AUDCHF
1. LONG AUDCHF - buy on break of downtrend line, daily chart is also showing Knoxville Divergence on my MT4 chart (I don't have the indicator on trading view)
The idea behind this trade is to jump on the existing AUD momentum.
Overall I am bearish on AUD and plan to sell at the 34EMA wave. This is where I will take profits on the first trade, and execute the short.