Most pairs seem to be taking a break from their trends while retracing from their previous highs.
Most pairs seem to be taking a break from their trends while retracing from their previous highs. In this type of environment patience is a good friend as we wait for up trending pairs to become bargains and down trending pairs to become overpriced. However, a AUD/CHF has pulled back to its daily trend line. Look to buy a bounce above a 2-day high with a stop below today’s closing low. Depending on your entry, set a 2:1 reward to risk target.
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