AUDCHF 'Short' Trade Idea

The AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity.

A reward-to-risk ratio of 4.97 is possible as follows:

Entry Price: 0.70437.

Stop Price: 0.70806 (36.9 PIPS).

Target Price: 0.68603 (183.4 PIPS).
AUDCHFaudchfshortaussieChart PatternsTechnical IndicatorsswissieTrend Analysis

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