FX.co ★ AUD/CHF [10]

Hello traders! Let's start with AUDCHF on the H1 timeframe. My favorite Parabolic indicator shows me the currency's direction. Its price is 0.5211, with the candle closing price at 0.5199. Since the Parabolic is above the closing price, selling prevails at the moment. Additionally, I use a moving average as an entry tool, with a price of 0.5203. So, based on this, it's clear that only selling is recommended now. No buying is considered. I will hold the position until the stop loss, which moves along with the Parabolic.

Here is what I see on the daily chart. This information is also crucial to consider. Analyzing the daily timeframe prices: candle closing at 0.5215, Parabolic indicator at 0.5266, MA indicator at 0.5221. The daily scale indicates a downward trend, hence selling is the priority.