AUDCHF Short opportunity setting up

22 thg 12, 2016

So audchf like eurusd was in a range for a LOOOOOONG time, and it is coiling, i will be watching for a break in one direction, it already tested the upper resistance for buyers but didnt manage to find them,no it will probably be looking for sellers, keep in mind this is a daily chart so this trade WILL take time to setup perfectly and will take time to complete. I dont usually take these trades because on every trade i risk 1%, and taking 500 pips for 1.6 percent of my account, while i can hit smaller moves and make much more in that big move