IvanLabrie
Short

AUDCHF: Sell the retracement

FX:AUDCHF   Australian Dollar/Swiss Franc
124 16 11
Description on chart.
Once the limit sell is triggered, we can aim to cover half at the previous low, which turns this trade into a risk free operation.
Good luck!
Today might be the last day in this uptrend. Good idea to short under the low.
Reply
We can start looking for a short again, but I think the trend is now up. It'd be a corrective decline.
The volatility pays off though, in my watch list.
Reply
pic is self explanatory, still need to see bullish confirmation
snapshot
Reply
Something like that.
Reply
IvanLabrie PRO IvanLabrie
Same setup in audnzd.
Reply
Downtrend expired, we can now take the retracement for a nice long.
Reply
This looks a lot like an almost complete leg down, with price possibly forming a triangle now.
Will update with a buy setup once there's an opportunity here.
Reply
alex.a IvanLabrie
Tomorrow RBA interest rate decision ~
Reply
Yes sir...I like to time momentum with fundamental events, probably why the market is forming a triangle, on top of reduced post Easter liquidity.
Always good to have a story behind price movements.
My thesis is the following:

Gold will outperform crude, meaning that there's a move down pending in eurusd, and a move up in DXY.
CHF although not tied to the Euro, will be weaker than AUD if gold and copper go up (both look ready to do that).
Now, is this move corrective? I don't know yet, but I suspect we're near a paradigm shift in currency relative strength and major trends.
Reply
IvanLabrie PRO IvanLabrie
And AUDCHF, and EURAUD favored AUD strength as expected...
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out