AUDCHF Triangle
I posted an idea on this pair previously with the same shape. The pair has finally started to form closer to a possibility of a stronger Aussie to the Swiss. Friday's and this past week's action seemed to show some strength, as it was pushed down, but recovered. We have been making higher lows over the course of the last few months.
My stoploss will be set using Brandt's LDR, so it's to be determined. My sizing on this trade will also be determined by my stop. I'll risk 50-100 BP based on the strength of the action near my entry.
Units: TBD, based on 50-100 BP risk
Entry: 0.7610
SL: TBD on Last Day Rule
TP #1: 0.8176
TP #2: 0.8806
Good luck and as always, this trade is a possibility, not a probability!
My stoploss will be set using Brandt's LDR, so it's to be determined. My sizing on this trade will also be determined by my stop. I'll risk 50-100 BP based on the strength of the action near my entry.
Units: TBD, based on 50-100 BP risk
Entry: 0.7610
SL: TBD on Last Day Rule
TP #1: 0.8176
TP #2: 0.8806
Good luck and as always, this trade is a possibility, not a probability!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.