AUDCHF Daily Sell 15.03.18

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pdr

Still have my trading 'L' Plates
Staff member


Took this short trade on Friday. Very noticeable entry based off of Bearish RSI TL followed by a 61.8 Retrace with an additional 'M' Shape as confirmation. Looking for a R:R of 1:2 essentially doubling my reward for the amount risked.
 

pdr

Still have my trading 'L' Plates
Staff member
Trade Update: Closed trade +143 pips

Decided to take the money and run. My assumption was based off of a very close call with my original Take Profit (TP) target that almost hit, as well as a touch of the rising bullish trendline (yet to be proven but I like profits and banking money so staying on the safe side). Will follow up to see how this plays out, but all flat AUDCHF for now.