Short term bearish trade on #AUCHF
i) Rejection from 200 EMA and 50% Fibbonacci retracement line on the daily time frame in the form of an umbrella line
ii) Kumo bearish twist on 6H time frame
iii) Rejection from the baseline
iv) Lagging span below price action.
They indicate a medium risk short trade on this pair, as
i) the price action is still in the cloud on this time frame.
The recommended Entry point, S/L and T/P, are 0.8328, 0.8375 and 0.8262, respectively, suggests a RRR of 7:10.
Move the S/L to break even after the initial risk moved into your favor.
ii) Kumo bearish twist on 6H time frame
iii) Rejection from the baseline
iv) Lagging span below price action.
They indicate a medium risk short trade on this pair, as
i) the price action is still in the cloud on this time frame.
The recommended Entry point, S/L and T/P, are 0.8328, 0.8375 and 0.8262, respectively, suggests a RRR of 7:10.
Move the S/L to break even after the initial risk moved into your favor.