usera9

Waiting for a trend resumption

FX:AUDCHF   Australian Dollar / Swiss Franc
17 2 1
Possible actions:
*Bull
+2 bull patterns that define supp levels still in action (green arrow)
+ price at a neck line of inverted H&S (acting as supp)
+ at 38% fib level
+ stoch in oversold and ligh bull divergence
+ price at lower boll band

*Bear:
- strong upper res level defined by 4 strong bear patterns
- descending res trend line
- the low of lateral range (light blue rectangle , old supp) is acting now as a turncoat resistance
-SMA200 has capped the bull very well for now

I'm waiting for a clear signal before entering the mkt
A very nice analysis. Maybe too soon to tell, but I'm bullish.
Reply
usera9 ForceFollower
Thanks a lot. If tomorrow it prints a bull candle patter I'll be long too (if the R:R is acceptable). Friday I preferred to take the long on AudCad
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out