AUD/CHF H4 | Falling to 50.0% pullback support
Updated
Account FP - #1080732
AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.59427 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 0.99
Take profit 2 is at 0.59618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.23
Total risk 1.08%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
AUD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.59273 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.59118 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.59427 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 0.99
Take profit 2 is at 0.59618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.23
Total risk 1.08%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Note
Take Profit 1 reached. Stop Loss moved to Buy Entry at 0.59427. Lifetime Win Ratio for this account now at 58.97%.Trade closed: target reached
Take Profit 2 reached. Lifetime Win Ratio for this account now at 60.00%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.