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. 

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