SELL AUDCHF

Fundamental analysis: The geopolitical situation brings a risk-off feeling to the markets.
Technical Analysis:
- Fibo correction 50% of the last bearish implse in H4
- Retest of a trendline
- Bearish divergence h1
- Double top H1
- Break of a small h1 support
- BOS H1

A return on fibo levels could offer a selling opportunity.

I expect a correction around 0.55 fibo to have a good RR (this also corresponds to the old small support h1 which could become resistance)

Retail sentiment: 92% in purchase which is good for us.

Historically AUDCHF is 55% of the time growing in October.

I will place a sell limit with a 75% risk because employment figures will be published tonight in Australia. Depending on the situation, I will change my exposure to 1% tomorrow morning.
Chart PatternsFundamental AnalysisTrend Analysis

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