Search
  • Joseph Barreca

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.


Technicals:

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.


Seasonal Data:

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.

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

Get the seasonal prime

142 views0 comments

Recent Posts

See All