DACapitalTrading

AUDCHF - EDUCATION - 16. JUNE. 2019

FX:AUDCHF   Australian Dollar / Swiss Franc
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1 HOUR
Bearish market conditions searching for support.

4 HOUR
Strong bearish waving market with small pullbacks.

DAILY
Price at january lows slowing down, in my view there should be a pullback to the upside shortly.

OVERALL
Very bearish market with strong sellers rallie, price slowing down and found support kind of right now.
Looking for pullback patterns if we are able to form new lows this week.
Market nearly always had a pretty strong pullback at our levels and those lows.
Good luck

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Have a great week everyone!

ALAN
Comment: Lets see which direction the breakout will happen..
Comment: drop below previous lows now?https://www.
Comment:
Comment: dropping we are about to buy shortly!
Comment: great movement!
I agree with your bullish sentiment. It looks like the pair is forming an inverse head and shoulders pattern with bullish MACD divergence on the 1hr, 4hr and Daily charts.
+1 Reply
@dotunade, Thank you, we will see mate :)
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I agree on both the EU AC assessments. Classic Taylor Trading Technique, 3-5 day cycle, Market Makers make final push to take profit, accumulate shorts and longs, drop down to clean longs, reverse to punish short and move higher. Wash, rinse and repeat. Also, the EN, GU and yen shorts may do the same.
+1 Reply
@tartantrader, Yep :) Thanks for sharing with my community, what is your trading strategy?
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tartantrader tartantrader
@tartantrader, TTT with LBR variation meaning, prior day's HOD/LOD as reference, in fact I just went short at 0.68717 at 0130, prior HOD violated, then reversed lower, my SL is 12 pips with 25 TP, using the 15 min.
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Cheers, just know you are in Germany, quite close to my location
+1 Reply
@DatTong, Where are you from mate?
+1 Reply
Nice sights, always love to see AUD trades looking so clean.
+1 Reply
@Lukikum, Thanks mate, whats your view on audchf?
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