AUDCHF - Potential Sell

8 Mei

Hi traders,

Here is my view on the AUDCHF trade coming this week to next week.

BIAS: BEAR


Logical Analysis: Price has declined fast and strong from ~0.5607 to ~0.5113.
The Store has so much AUDCHF in stock that no one has been in to buy at around 0.5600-0.5350.
From the 9th April 2025 to today buyers were interested. It seems that 0.5113-0.5330 is a good price to make business.
As of Today (9/05/2025) The Store seems to have more in stock which makes me believe the price will drop again. :)

Technical Analysis: From 0.51133 price has been rising slowly towards the weekly resistance (0.53663).
The momentum in the buying is slowing down.
Price has violate the latest higher low.
A regular flat has formed on the 4hr timeframe.

Timed Entry: Up to you

Good Luck

13 Mei

Nota

still favoring the sell, it seems that the store (big seller) need to fill up his order

13 Mei

Dagangan aktif

Because my belief is still on the sell side, I enter an early sell on the 4hour chart.

13 Mei

Dagangan ditutup: hentian tercapai

ill give it a rest for now. this is pushing up, the BUYER is definitely wanting to buy more of this pair

13 Mei

Nota

lesson learned: very important to have my risk on, and knowing that the market do what it wants. I need to be very careful not to be attached to my analysis and trade. next :)