AUDCHF - My Trading Plan in a picture

18 Jun 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

AUDCHF is overall bearish trading inside the brown trendlines and now approaching the lower brown trendline.

Moreover, the green area 0.6670 - 0.6700 is a resistance turned into support.

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown trendline. (acting as non-horizontal support)

As per my trading style:
As AUDCHF approaches the purple circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich