AUD/CHF Possible Push Lower?
Another Monday, another trading week. So, what are we looking for?
After hosting this mornings Monday webinar, the pair that struck me the most was AUD/CHF shorts to continue this week. We're looking to continue our short positions at 0.65800 for a push to 0.64380 which would give us a R/R of 2.2, I'm happy with that.
Anyone with half a brain can clearly see this downtrend, 61.8 / 50 Fibonacci level lings up perfectly with a resistance which is where we're looking to take our shorts.
The Prime Market Terminal continues to expect AUDCHF to remain a bear market. With the long-term prediction holding below 100 currently sitting at 97.94. Long-term prediction candlesticks expects price to reach as low as 0.63500 and the expected 25 day forecast expected to drop a whopping 8.83%
This gives me enough confidence to continue shorting to our targets at 0.64380.
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