AUDCHF SELL THE BREAKOUT

Hi everyone:

AUDCHF is on my weekly watch list for short, and today we are seeing an opportunity. Price action formed a lower high on the 4 hr chart, and a breakout of a rising wedge to the downside will give us great risk:reward trade.

On the daily time frame we know that price action has retrace to 61.80%, daily lower high which confirms the bearish momentum.

Potential target to the recent lows of 0.7280.

Thank you for your support and feedback.

评论:

Here is the daily chart:

评论:

no breakout confirmation, no entry