Short in AUDCHF

2 thg 1

"I have recently entered a short position in AUD/CHF as the price has touched a significant supply zone. After conducting a comprehensive analysis of the market, I have identified this zone as a critical level of resistance where selling pressure is anticipated to increase, potentially leading to a decline in the Australian Dollar against the Canadian Dollar.

This trading decision is based on the expectation that the price of AUD/CHF will decrease as supply exceeds demand in this zone. Additionally, I have identified several bearish indicators that support my rationale for going short.

As a diligent trader, I will closely monitor price action, market sentiment, and relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a robust risk management strategy is paramount to safeguarding my capital and maximizing potential profits.

It is important to note that trading AUD/CHF or any other financial instrument carries inherent risks, and careful consideration is essential. I highly recommend conducting thorough research, developing a sound risk management plan, and, if needed, seeking guidance from a qualified financial professional before making any investment decisions."