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.
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