Technician
Long

AUDCHF: Resuming Bullish Trend!

FX:AUDCHF   Australian Dollar / Swiss Franc
843 3 14
AUDCHF             reversed trend in April, following the bullish breakout above the long term falling trend line and the completion of the bullish inverted head and shoulders reversal pattern. The price since then has been trading in a clear up trend, where downside corrections were limited so far to the 50-days SMA , and the latest bearish correction seems like done as price retested the average before getting supported again. The latest correction took the shape of the bullish continuation flag pattern , and am currently anticipating a breakout above the descending Resistance of the flag to confirm the resumption of the bullish trend , and to zoom into the hourly and four-hour charts to pick a good entry point.

Near term target is at the latest swing high at 0.8480, and the medium term target at 0.8700-0.8750 area. I may reconsider my bullish bias if price breaks back below 0.8315 support level .

Best of luck, join me at https://twitter.com/thefxchannel
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Wow this one was a perfect trade. Good job.
Reply
hi - looks good - can you please just clarify what level you are looking to get long?
Reply
hello Im new here. where I can see the time frame??? thank you
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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