FX:AUDCHF   Australian Dollar/Swiss Franc
46 7 0
I suggest a retracement to the median line as the breakout failed.
May be the trend is changing to up now but this is not convincing yet.

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motleifaul
AUDCHF
motleifaul about AUDCHF 6 2 years ago
ForceFollower
2 years ago
Yes, it seems to have paused. How about a target like 0.84? There used to be a swing low there, so the market might like to retest it. I wonder, if it's going to get there...
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motleifaul ForceFollower
2 years ago
Yes. My suggested targets are in an A-B-C-Wave to come:
A - 0,8175
B - 0,84
C - 0,8260
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motleifaul motleifaul
2 years ago
Target A has been reached. Consequently the first half of the position has been closed and the profit taken so far.
It may take some time now to reach target B, but it's worth waiting as it was worth waiting for target A.
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motleifaul motleifaul
2 years ago
All the profit taken now. I don't know yet whether I will go long for target B. As there is no clear trend at moment it may also result in a sideward range for a while. I will rather watch it at moment and look out for another chance. Congratulations to all followers!
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ForceFollower motleifaul
2 years ago
Congratulations to you too! Now I am long, looking to tp at 0.8245.
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motleifaul ForceFollower
2 years ago
This would be a very minimal target. As I said, I would expect 0,84 now but as a minimum the previous high dd 2014/4/4 at 0,8322 to be tested.
Good luck!
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motleifaul motleifaul
2 years ago
Now it seems that the correction is done and the way rowards target B is free. Long now!
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