The counter has been in a 5-wave bull cycle. Now, it is in the wave 4 phase which results in a bearish correction. Hence, we expect the pair to be bearish in the near-term.
As you can see, the daily trendline was restpected well for the third time creating multiple tops and rejection. also we broke our 4HR trendline. bulls are losing control and bears are taking over. Do you like this analisys? Give me a like please. I wish everyone a great trading week!
Hallo Friend. This is a preparation for AUD / CHF. Market movement according to the previous analysis. good luck 👍 AUD/CHF : Daytrade-preparation!! SHORT 26/OCT Market-Sell : - Stop-loss : Close Break :0.64790 Target : 0.63450 If you find this helpful and want more FREE forecasts in TradingView 🙏Please show your support back, Hit the LIKE button...
After completing a bearish cycle, the counter is limping up to complete ABC correction. It is forming a wave A in the form of a bearish flag. We expect it to render a bearish breakout to form wave B.
AUDCHF - Preparation SELL @ RETRACEMENT FIBONANNCI
Audchf has reached the daily support of 0.64600. From here we can expect the market to make a retracement and make a lower low on the daily chart. it will be best if market reaches the 0.5 or 0.618 fibo retracements because then daily support will turn into resistance. Or the market can also test 0.382 and continue to the downside. We have to watch on 4H for a...
As we suggested earlier, the counter is currently in an ABC and has moved down significantly. Now, it is forming a triangle in the short-term charts. We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.
Hi trades, keep your eyes around the previous top for your sell setups. Get in once you will have a price action on lower time frame.
Previous analysis was on that candle, we expected a move to the downside. the market gave us a shift in momentum and we capitalized on that with a risk to reward of 1:3. Profit target hit
The counter is currently in an ABC correction mode. It has completed wave B and is sliding down with low momentum. Further, the entire formation could be interpreted as a bearish flag formation. Hence, we expect the pair to bearish in the short-term and complete wave C.
AUD - BEARISH 1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline. 2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China. ...
Wait for support to be broken, previously at this level price took a drop to support so I see this happening again very soon
I see the same thing happening the last time this level was reached, waiting for confirmation then will be selling to support