IvanLabrie
Long

AUDCHF: Potential long trade on the daily and 4h charts

FX:AUDCHF   Australian Dollar / Swiss Franc
129 3 10
Time at mode analysis points to completion of a corrective move as price meets the profile balance point from the last high to mode distance, matching a downtrend signal timer expiration.

We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and price level.

Placing a market buy now, and looking to scale in if it continues to move up.
It's possible the RBA speech will introduce massive volatility , and I'm looking forward to it.
Will update with further entries and trailing stop opportunities.

Cheers,
Ivan.
Closed the remaining batch in profit.
Waiting for now.
Reply
Trade working, I closed 75% and left the stop at the same spot.
Reply
Ok, I'm in:

Entry: 0.71428 - 4h chart signal (range expansion bar and no new low in 5 bars in 10 minutes)

Stop: Wide, depends on your money management criteria. Mine is lower than the lowest low to be safe.

Clock is ticking:

02:50 2h 1m AU AUD RBA's Governor Glenn Stevens Speech
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
简体中文
繁體中文
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