AUD/CHF Trade Idea Short

Australian Dollar/Swiss FrancFXCM

Description

⋅ Aug 21, 2019 10:00 AM

Hello and welcome to my Trade Idea of the currency pair AUD/CHF.

Lets start with the Top Down Analysis.

Monthly: The monthly view is bearish.

Weekly: The weekly timeframe had beautiful big bearish candles in the past.

Daily: The daily timeframe is bearish too with a little consolidation right now.

H4: We draw on the h4 timeframe the counter trendline and the powerful resistance area. We wait for a confirmed breakout.

Have a nice day.

Comments

UnknownUnicorn5367353

⋅ Aug 21, 2019 10:15 AM

Hi I am new and still learning, is that meaning we have to see the candle at 15:00 for confirmation?

Bullandbeartrading

⋅ Aug 22, 2019 1:57 PM

@ykng, no we need a confirmed breakout.

alerts4trading

⋅ Aug 21, 2019 2:10 PM

How does confirmation look like for a signal? Engulfing candle?

Bullandbeartrading

⋅ Aug 22, 2019 1:59 PM

@alerts4trading, i teach this in my pro group.

moon333

⋅ Aug 21, 2019 10:44 AM

Hi I really like ur chart patterns, I have also joined your youtube channel and found very firm ideas there keep up the good work

Bullandbeartrading

⋅ Aug 22, 2019 1:58 PM

@moon333, thank you very much. Nice to hear.

AidanMDang

⋅ Aug 21, 2019 10:02 AM

Nice! Very similar setup on AUDCAD as well

Bullandbeartrading

⋅ Aug 21, 2019 10:13 AM

@AidanMDang, thanks and nice my friend.