Thursday, February 6, 2014

AUDCHF sell signal

This pair reversing upward after a sharp movement from 0.8197 to 0.7722, could resume downward bearish trend that started from 0.8730
The resumption of the bears is based on the daily pin bar about to be formed at 0.8120-0.8197 resistance region which also coincides with the bearish trenline that started on october 2013

If this pin bar is successfully formed at the end of the trading day and it's not far away from 0.8700, I will sell at market price with my stop loss slighly above today's high ( i.e the high of the pin bar) and take profits at 0.7900 and 0.7750
If you are following this trade , please maintain proper money management

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