AUDCHF Short Opportunity - 20/1/2021
Hello,
as you can see we are in an uptrend. Price started to consolidate near to its resistance level and formed Head & Shoulders pattern. I expect price to break its trendline and move to the downside. I would enter position after bearish candlestick closure below support level (aggressive) or after break + retest (conservative).
From fundamental perspective, investors are more into CHF as a safe-heaven during these hard times.
Thank you and have a nice day !
as you can see we are in an uptrend. Price started to consolidate near to its resistance level and formed Head & Shoulders pattern. I expect price to break its trendline and move to the downside. I would enter position after bearish candlestick closure below support level (aggressive) or after break + retest (conservative).
From fundamental perspective, investors are more into CHF as a safe-heaven during these hard times.
Thank you and have a nice day !