Resuming our technical comments series on the AUDCHF pair ( started on March 24 ) when we sold the pair at 0.7575, we see how the bearish scenario has been respected ideally.
On March 30 , we have closed 50% of the profits with 150 pips and moved the stop loss to the entry point.
Today, we will close another 25% of the quantity used to sell the pair with 300 pips profit in the current trading zones, while keeping the remaining quantity aiming to reach the final target at 0.7200.
Finally, we can move the stop loss towards 0.7475, which is 100 pips below the entry point.