FX:AUDCHF   Australian Dollar / Swiss Franc
From the larger timeframe, AUDCHF             formed an inverted H&S pattern. It failed to rally and retraced back to 38.2% of the rally. This tells us that the inv. H&S is still in play. Switching to H4 charts, with the help of the median line we see how price has been playing out.

A risky trade would be to long at 0.822 - 0.8219 regions with stops below 0.81209.
A safer entry would be to wait for price to interact with 0.8280 which should see a small resistance and then put in a pending buy at 0.822 and 0.825.

Targets come in at 0.845 and 0.8538

Note: An ideal set up would be for RSI to test 40 from above (look to the left).
Risk: If 60 RSI puts in a resistance, it could be indicative of RSI dropping back to 40 for support or the start of a downtrend. Therefore, once price moves considerable distance, cover long positions to BE.
Thankyou for sharihg, great work

Your scenario includes the AUD will go up. Hummm....
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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