Possible sell opportunity

Jan 1, 2023

AUDCHF is trending in a downward channel.
It retraced to the 0.618 fib level.
Looking for reversal patterns on lower time frames.

Jan 2, 2023

Note

Pay close attention to any breakout out of the channel.
This would change my bias to long.

Jan 2, 2023

Trade active

Equal highs on hourly, RSI showing divergence. I enter a sell trade.

Jan 2, 2023

Note

Bearish engulfing candle forming on the 4 hour chart. 2 hours to go. Possible second entry.
Looking for an approximate 1:7 RRR targeting 0.61600.

Jan 3, 2023

Trade closed manually

Trade closed at break even until further signals.