AUDCHF - Retrace and retest before another bearish leg

PAIR IN FOCUS: AUDCHF
ACTION: SHORT
HORIZON: SHORT-TERM

This is a simple trend-continuation strategy. Price has broken down a support/resistance level, and looking for a retest and rejection of that same level before another bearish leg. A retest of that S/R level will also provide a better R:R for this trade.

If price rockets through the same S/R level, this set-up will be invalid.

The TP levels and Stop Loss have been indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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