Get started
Australian Dollar / Swiss Franc
Short

DOUBLE TOP in play on AUDCHF

By thetradedoc
Updated
AUDCHF wanting to continue it's bearish momentum as a critical resistance at 0.8759 rejected by double top. I entered short here. If we see lows of 2020 the trade would close at 16x gain!

This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Trade active
Starting trimming down at 0.5853

Already up more than 2R on this position.
AUDCHFaudchfshortChart PatternsDouble TopDouble Top or BottomdoubletoppatternForexforexsignalSupport and ResistanceTechnical Analysis
thetradedoc
It's not about the money made. It's about the freedom created.

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.