Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
AUD - BEARISH
1️⃣ Australia’s central bank chief Phillip Lowe also noted that economic growth is unlikely to lift until the final three months of this year, with Victoria’s renewed lockdown to contain its Covid-19 outbreak “broadly offsetting” the recovery that’s been unfolding elsewhere.
2️⃣ The market mood remains cautious amid coronavirus concerns, US fiscal...
Despite the fact that the price is on the support line, there is a strong resistance line above it. Therefore, I expect to go down.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUD/CHF is moving within an extremely consistent descending weekly channel providing a comfortable overall bearish trend to follow for this currency pair. Price is currently at a strong level of resistance at 0.654 which it has failed to break through convincingly for several weeks. If it fails to do so again this week we will be looking to enter short with a...
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
We got impulse,same situation like on cadchf, further movement upward will be continue, open a position on a retest of a broken triangle
(i open pos by market and 1 more buy limit on retest,coz structure of zig zag looking finished)
Main items we can see on the chart:
a) The price broke an ascending trendline and formed a corrective structure
b) After that, we had a breakout of the previously mentioned structure and a small correction
c) Based on that small correction we have two scenarios
d) If the price breaks below the small correction we expect a bearish movement towards the...