FX:AUDCHF   Australian Dollar / Swiss Franc
135 2
DATE 30/04/2014

Head and Shoulders chart pattern with breakout on 27/07. Price retested the breakout and held for the next 5 days.
Rising momentum since the left shoulder of the H&S pattern
Price retested the support yesterday and held.

Price retraced .764% and starting to head up again.
EMA crossover signals increased AUD strength

Wait for the RENKO chart to display another green block before buying.

Alternative 1: Support at 0.81250 (Obvious S/L area)
Alternative 2: 1.5 to 2 X ATR
Alternative 3: .618% retracement

T/P High at ~0.8300

Renko is a bit misleading i'm afraid, especially with the traditional settings. With ATR 14, you see a clear inv. H&S with price going to test the H&S neckline at 0.8099, which should validate the inv. H&S and then push to the target.

Yeah, price has been rejected by the 50% retracement, which makes it look pretty bearish now (the minor low has been taken out). But there's still a chance that after some pause it'll go up again to 61.8% Ret.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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