Expect AUDCHF to move up to 162Fib and maybe extend to 200Fib
Candle pattern shows strong reversal right back through the reversal zone.
Waiting for bearish engulfing candle. That will be good sign to go short to ~0.68, but carefully at the ~0.685. R:R>=1.5.
RECOMMENDATION: SELL SUMMARY: The primary trend of AUD/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is had an important resistance at the level of 0.7150 and support at the level of...
The structure shown in the chart looks to be ending soon and I am expecting a breakout to the downside providing short term sell opportunity.
Thanks for viewing my idea Please like and comment
We are ready to bust above the 200SMA for a possible retest of resistance at 0.7500. Enter around 0.7300 with stop @ 0.72 for a nice 2:1 RR trade
The Australian Dolar and swiss franc is going short with rsi and Momentum
Look's like it's forming a nice A-B-C- D Pattern Stop Loss: .73105 Take Profit 1) .68409 Take Profit 2) .67257 Potential Buy on D
AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready. The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy. Trade idea - waiting for possible...
Some guidance with Rate of Change indicator. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
What call my atention the most in this case was the almost perfect equality there is between wave 1/A and 3/C. Then after looking a little more in this, it made me think we could be in a ABC zigzag correction, IF that is the case it should be a good idea to look for the long setups ONCE it breaks the channel, I am not descarting the possibility of this beeing a...
The top of the trend channel meets up with the .382 fib on the larger downtrend. Was waiting for conformation that the resistance doesn't break which we got with a new high at 0.715.
Triangle or a ZigZag combination. Time will tell. But for the moment all is looking good for a long upto the upper trendline. But we need a small correction to enter the trade. Lets hope we get a good one to enter with confidence.
Hello everyone, I have highlighted the targets on the chart. There are few patterns in play along with TLs. This pair also broke the TL on 1 hr timeframe. Good Luck For info: kevinsdhaliwal@hotmail.com Twitter: kevindhaliwal1 IG: AllTradingIdeas
One of our new setup idea for next week. Why did we choose this pair which we usually don't trade ? Check it out on www.ichimokuforex.com