Trade Setup: AUD/CHF – 6 Oct 2016

5 Oct 2016
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6-oct-2016-audchf

Candle Stick Pattern: Evening Star at (1).
Confirmation:

  • Touched outer band of Bollinger Band at (1).
  • Stochastic overbought range at (3).
  • Volume increases at the last 2 bars (5).

Signal: SELL
Entry Point: 0.7429
SL: 0.7503 (Last resistance (2))
TP: 0.7293 (Nearest support level (4))

[UPDATE 1 – 14 Oct, 2016]

6-oct-2016-audchf-cont

Trade closed on SL.

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