AUD/CHF is in a bearish trend and still has not any strong support to expect it to go any higher. This is from my opinion a great opportunity to go short AUD/CHF for long term. If you're looking for shorther term the your TP should be 0.75 Always invest after your own analysis and respect your rules! Happy Trading :D
There is a possibility that AUD/CHF may continue it's downward descend further down. Keep an eye on it, and invest after your full confirmation. And as always, only invest after making your own analysis as well as money manage properly. Happy Trading!
AUD/CHF is currently on a strong support. A breakout and trend continuation upwards could very well happen if the actual support holds. As always, money manage properly and trade professionally. Happy trading!
Sorry I've not been so active recently, been away for a week. AUDCHF recently broke out from a strong downtrend and found resistance at the 38.2% fib level. Today the daily candle did retest this level and will be closing strongly below. We have the opportunity to short this pair and I will be watching closely on lower TF's before opening a sell order. This...
Welcome to May 2017! This can be a month to remember or a month to forget, I choose greatness and memory! My trades will rock and roll today! I have had a buy since the 28th of April on USDCHF and now I am adding another CHF sell this time on AUDCHF. Price action is indicating a strong bullish push in the short run, my first target is the 37.5% MPI (Price:...
Spotted a Bearish Cypher pattern on the AUD/CHF daily. Short Entry = (D) .786 Fib SL = Anywhere above (X) RR depending TP1= .382 Fib TP2= Between .236 & .747 Keep an eye out for this trade
It's a good bullish indication, when you see one very bearish day (2017-03-16) being "hugged" by bullish days. Hoping to see a clear bullish day tomorrow as well by the end of day, to get the well known 'Three Bullish Soldiers'. Much as I like word play, I do not blindly follow that indication, yet, adding macro economics and several others indicators, it shows a...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
AUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying...
A break of the 50ema could open up the high side and retest the .7590 zone which would act as the upper parallel for the channel. If it fails to break above the 50 we have another trend line which would act as the upper parallel and push price back down to the .75 zone to create a new low.
Forgive me I am not specialist when it comes to knowing all the bullish and bearish pattern formations YET. But it has been in a clear bullish channel for a while now. But recently its created higher lows and highs. It can continue to rise up as I have drawn. I can tell it is in a breakout formation to the upside or down is too early to tell.
The pattern looks more like a pennant. Breakout is over, now there is a very good possibility to go short. Act according to your trading style.
This looks very much like an ascending triangle pattern. However, it is not yet a classical one. Horizontal top is almost adjusted. The price already crossed the pattern several times. However, at this moment, we have to wait and see how the market respond to this structure. Follow my Update Keep calm and see how the market respond to this structure.