SignalSwiss
Short

[AUDCHF] POTENTIAL HARMONIC STRUCTURE IN PLAY

FX:AUDCHF   Australian Dollar / Swiss Franc
Potential consolidation in short term for this pair....

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Comment: No change from the technical point of view, the pair reached our setup area, and right now it is developing a pullback. We can not even move the stop loss to breakeven, but today’s close could give us more information about the current trend. The main support is around 0.7650, and a daily close below it, could trigger an interesting sell-off.

Comment: Good day Traders, I do not know if it may affect, but here, we have a potential megaphone pattern, if you do not know how to trade it, try to take a look at the chart below.

Comment: The trend has returned bearish on intraday chart, and right now it has reached daily support around 0.7620. From a technical point of view there are no changes, but finally we can move the stop to breakeven and let the position run.

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Trade closed: target reached: TARGET 1 HIT|

Trade closed: target reached: TARGET 2 HIT!

Comment: The pair is still interesting in the short term ...
Comment: Bearish trend still in play....
So, what is the expected target to close the position, please
Reply
SUPERB!!!!
+2 Reply
HI signal swiss....is that a break down in the latest update?
+3 Reply
great!!
+2 Reply


Now things are getting interesting.

A lot of downside looking action.
I think there is a good chance the two blue-boxed lows are going to be taken.

+1 Reply
SignalSwiss ernstschwarz
@ernstschwarz, thank you for sharing!
+1 Reply
still not the worst idea ;)
looks downside, - some more patience.
+1 Reply
SignalSwiss ernstschwarz
@ernstschwarz, Hi Ernst, thanks for your comment! Of course we do not have the crystal ball :) , but certainly our resistance area is very interesting, we'll see....
+2 Reply
ernstschwarz SignalSwiss
@SignalSwiss, i dont like support/resistance trading too much. but it looks downside.
Reply
SignalSwiss ernstschwarz
@ernstschwarz, trading is only resistance and support, the rest is only smoke! if you sell a level is because you think that it is a resistance, if you buy a level is because you think that it is a support ... the rest is only semantics ...IMO
+1 Reply
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