AUDCHF Short
Setup Timeframe: Daily
Execution Timeframe: 4H
Risk: 3%
Reward: 8%
Reasons for Entry: Broke through a long term bullish TL and support. Retest of this support is within the Willis Zone.
Reasons for SL placement: Above the 78.6% fib level and above recent highs and above the bullish TL and support levels.
Reasons for TP placement: At the -0.27 fib extension level.
Execution Timeframe: 4H
Risk: 3%
Reward: 8%
Reasons for Entry: Broke through a long term bullish TL and support. Retest of this support is within the Willis Zone.
Reasons for SL placement: Above the 78.6% fib level and above recent highs and above the bullish TL and support levels.
Reasons for TP placement: At the -0.27 fib extension level.
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