AUD/CHF Trade Setup: Current trend is Bullish

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The AUD/CHF pair is currently in a bullish trend, consistently forming a series of Higher Highs (HH) and Higher Lows (HL). Using the Fibonacci retracement technique, a potential long position can be planned based on the following trade statistics:

Pair: AUD/CHF

Trend: Bullish

Entry Point (EP): 0.53234

Stop Loss (SL): 0.53061

Take Profit 1 (TP1): 0.53407 (1:1)

Take Profit 2 (TP2): 0.53580 (1:2)

Risk: 1%

Lot Size: 0.44

We will open two trades simultaneously:

The first targeting a 1:1 risk-reward ratio

The second targeting a 1:2 risk-reward ratio

This setup allows for efficient risk management while aiming for higher profit potential within the prevailing bullish momentum.

Penafian

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