AUDCHF Divergence + Trend Support Break
AUDCHF is showing divergence on 4H and it recently broke my trend support (brown line).
I'm using a sell stop as shown to catch a break downward on this pair. First TP will be the red trend support shown with a final TP just below .69. SL is at .7573 resulting in a R:R of 8.99.
I'll be entering with a smaller than normal position with a stop loss at nearly 1% increase for the pair.
I'm using a sell stop as shown to catch a break downward on this pair. First TP will be the red trend support shown with a final TP just below .69. SL is at .7573 resulting in a R:R of 8.99.
I'll be entering with a smaller than normal position with a stop loss at nearly 1% increase for the pair.