as you can see the price has broken out of the channel and has now pulled back to the 0.5 fib which also corresponds with retesting the channel. if respected, awaiting engulfing candle to go short. TP1 - 0.382 fib TP2: - 0.5 fib
Expecting some sort of correction, and hoping for another impulse to the downside as I am already short. Could get to the bigger TF trendline and move higher. But we will cross that bridge pretty soon
As can be seen from the chart above, AUDCHF is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF in a...
FOREXCOM:AUDCHF broke out of the trend line and it is forming new highs moving gradually to the major resistance.
As can be seen in the chart, AUDCHF has been moving upwards for a while now. I expect the trend to continue for the near term. I have entered a position at the current levels of around 0.62190 level, and my take-profit level is around 0.62650 level. That is the next resistance for this pair, and I expect it to touch that level in the near term.
AUDCHF Trading Plan BUY - Riks Reward 1:3
The uptrend in this pair has been strong for a few sessions, as can be seen in the chart. It is testing upward resistance to move further up, and I expect it to touch 0.62400 levels in the near term. It is currently at around 0.62200 levels, so that's a good move for this pair at this point. My expected take profit levels would be around 0.62400 for AUDCHF.
we are waiting for 2nd bounce and price deceleration to the 0.6070 support level before going long while current price plays well inside the bullish trendline channel, the price might test secondary trendline resistance before going to final resistance target at 0.6342, as an option, you can use the secondary trendline resistance as short-term day trading target....
Hello traders AUDCHF is going back to retest the daily lows and i am looking at a possibility for the daily lows to be broken also due to the unemployment rate data and the covid-19.
Believe the correction could be finished and the next wave down could begin
ANALYSIS- 1. CLEAR UPTREND 2. PRICE HAS BROKEN ABOVE PREVIOUS RESISTANCE AND HAS COME BACK TO RETEST TO CONTINUE POSSIBLE UPWARDS MOMENTUM 3. WICK REJECTION AT KEY LEVEL AS PRICE ACTION CONFIRMATION
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AUDCHF Trading Plan BUY - Riks Reward 1:4 Counter Trend
Thanks for Taking Interested in my Trading Idea. AUDCHF: Bullish Structure Need to wait till Candle Closing Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
what do you think about this pair?? my prediction is a buy , maybe a easy profit.
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