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We forecasted and shared our view of AUDCHF. Where we were looking at 2 possible areas from where we can get into a short position. As the first area was violated the second and premium area worked out as we wanted.
Not only that, the market gave multiple opportunity to enter the trade ✅
The analysis gave us -
117+ PIPS, 1:4.6+ Risk to Reward Ratio!
Hope you all are doing good!!
I expect AUDCHF to go down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
AUDCHF has been spotted in rising wedge which is a bearish pattern with bias to break to the downside.
Entry is around 0.65650 and take profit at 0.65350, roughly around 30 pips profit.