Re-entry long AUD/CHF strategy
Since the AUD/CHF continue going south after open long order based on previous strategy, it is losing money at this moment. There could be further potential long order positions which possible could help to save the long trade and still get profit for the first failed entry.
Based on timing, the price could touch the long term down trend channels bottom lines (Two possible down channels), then the price could possibly retract to North.
If the plan is correct, the previous opening long order would still be able to get little profit. And the second long order would open on date around Aug 31.
Based on timing, the price could touch the long term down trend channels bottom lines (Two possible down channels), then the price could possibly retract to North.
If the plan is correct, the previous opening long order would still be able to get little profit. And the second long order would open on date around Aug 31.
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Since EUR and CHF will start to be stronger. Not worth to keep the AUD/CHF long order or looking for long AUD/CHF. Close the opened long order with lose. This strategy no longer available.