• Joseph Barreca

AUD/CHF More Downside After We Take Profits?

Last week I posted about the AUD/CHF pair which had you followed along, would of made some decent profit! The trade hit out T/P last week on Friday before the market close and now we're expecting much further downside movement closer to 0.65080 level.

I will be looking to short this pair at 0.66715 or so with targets at the 0.65080 level.


The pair remains in a bearish trend with a current Asia session pullback. I'll be looking at the 50% Fibonacci level for an entry which also lines up with an area of resistance.


With Australia continuing to extend lockdowns and increasing Covid19 cases, this is an obvious bad sign for the economy especially with the fact that Europe and Switzerland are opening their country again.

We're expecting the AUD/CHF to continue a bearish bias for the rest of August 2021.

Join a community of traders and trade side-by-side our mentors. When you become a member at GIT, you'll become part of a community of traders that all have the same goal as you. You'll have direct access to our mentors and access to all past and future webinars. We hold 5 Market Review webinars a week.

Included In this (Membership)

  • 5x Webinars each week

  • Exclusive network discord channel

  • Monthly accountability coaching calls

  • Hands-on career support

  • Trade signals (copy the pros)

  • Mid-Week technical report

  • Exclusive eBooks/media content

Join Global Institute of Trading

Join our free discord community:

52 views0 comments

Recent Posts

See All