AUD/CHF Price Analysis: Bears waiting for bearish confirmations for 1:3 R/R setup
- AUD/CHF is ripening for a short on a swing trade basis.
- Momentum indicator sneed to confirm a bearish bias on 4-hour time frame.

AUD/CHF has been in development for a number of days having met a daily resistance as the monthly bull trend tires and runs out of momentum.
The following is a top-down analysis of the pair offering a 1:3 risk to reward (R/R) high probability setup.
Monthly chart
The monthly chart is showing resistance and offers bearish prospects below it.
AUD/CHF daily chart
The daily chart offers prospects of a break below support for an extension of the downside.
AUD/CHF 1:3 R/R setup
Bears can be looking for a short if the price remains below resistance and MACD crosses the zero line.
The setup offers a 1:3 risk to reward ratio with the stop loss placed above structure.
Author

Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.




















