MaryJane
Short

Double Top? Bearish Wedge? Short it?

FX:AUDCHF   Australian Dollar/Swiss Franc
357 0 38
7 months ago
Is this an anticyclical Chance to short that sh...?
(i am not a friend of it)
The pair has reached the former Top @ 0.7465. This Top was sold again. Now we are trading within a bearish wedge ..if this wedge breake, a dip down to the 38,2 @ 0.7376 - the minimal correction fibo - should be exspected. With a SL near above the last High you have a wonderful Chance-risk-Ratio - but you trade against the youngest momentum-trend.
The RSI signs a weak selling-signal
Prices above this mentioned possible Double-Top-Level @ 0.7465 will cause a further buying wave with TP1: 0.75 7 TP2: 0.758 - the wedge would be destroyed, a trendchanel can be formed: 8

snapshot


Bullish H&S?
Bullish H&S?


We nearly reached the former neckline - this is definetly an Action Point where a decision has to be made!
If audchf0.33% could recapture this Level (~0.735) a move up to 0.74 / 0.746 is possible.
If this Level will be sold again, the bottom of the big downtrend can be aimed again. Prices below the right shoulder are deep bearish .
- Reached both TPs:
snapshot
7 months ago
Comment: i wrote: Prices above this mentioned possible Double-Top-Level @ 0.7465 will cause a further buying wave with TP1: 0.75 7 TP2: 0.758 - the wedge would be destroyed, a trendchanel can be formed: 8
tp1 0,75 reached
snapshot
7 months ago
Comment: The pair nearly reached TP2 0.758. Have we seen the top or will the consolidation go to the next round?
snapshot
7 months ago
Comment: Yihaaaaaaa....H&S triggered -TP Min. reached. Watch the RSI!
snapshot
7 months ago
Comment:
snapshot
7 months ago
Trade closed: target reached: All Targets reached
snapshot
7 months ago
Comment: Because nobody is commenting my audchf- ideas, i will stop publicating views of this pair!

Related Ideas

MaryJane
Short Chance?
MaryJane about GER30 3 7 months ago
MaryJane
Classical 1-2-3 ?
MaryJane about CL1! 1 7 months ago
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out