Good afternoon, dear traders. Time to collect profit! The trading idea for the AUD/CHF pair has fully worked out. The instrument reached the target resistance level of 0.67400. We're fixing the profits and I came in parts. So, at the average price, the profit was +150p!
In my opinion, the very idea of rejecting the name of this cross was the most technical, because these tools do not differ in beautiful figures and trends. The main role in this trading idea was played by several factors.
Firstly, this tool has a very clear idea of working out kickbacks after medium and maximum passes. Those who follow my cross analytics know this very well.
Secondly, the Bank of Australia left the interest rate unchanged amid falling rates in New Zealand.
And thirdly is to pick up the instrument that has a lot of "noise" after the breakdown of not only the past but also of 2015. All these factors played at the same time and both of us made good money.
There is another very important point. Having been trading for many years, I came to understand that if you are trading, no matter what system, you should always clearly know where to get money from the market. I'm sure that many of you see the market very well and enter it wonderfully, but it can be difficult to exit. My strategy allows you to do this with fine accuracy, and you will see this more than once.
In the afternoon I will give out an interesting trading idea on the S&P 500 index. Be careful when trading in the evening on US news on Non-Farm Payrolls at 12.30. I don't give trading ideas on dollar instruments today because they have already worked for us. We will look after the news the balance of power.
Good luck in trading and follow the rules of money management.
