AUDCHF Long Trade Setup

A bullish opportunity recently presented itself on the aussie-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.64000 psychological level, indicating a rejection of the level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.67512 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.

AUDCHF

Rooting for you!

Your FX Plug

Trade geschlossen: Stop wurde erreicht:

Unfortunately, my stop loss was hit and I lost this trade.