Price has just seen a bullish breakout from descending trendline resistance-turned-support, and MACD is now holding above the 0 line. We could see a bounce at 1st support, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and...
#AUDCHF broke out of the falling wedge pattern
While trading nearby a daily support level
We can see a nice retest of the broken resistance
As well as the retest of the local horizontal support
From where I am expecting a nice bullish correction
With great risk reward , and the horizontal resistance
As the final target of the trade
Buy!
looking to take this entry on the 1hr time frame we can se that price has come from an impulsive push to the upside breaking through previous resistance,
price is currently in a symmetrical triangle structure that has made multiple touches respecting the trend lines
the current price action price has just made a second touch to the bottom trend line and formed a...
AUD - BULLISH
1️⃣ The prevalent risk-on mood, further undermined the safe-haven greenback and extended some support to the perceived riskier aussie.
CHF - BEARISH
1️⃣ Positive risk-tone weighing on the CHF.
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Technical
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- We are buying the AUDCHF at RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is...
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Here is our update analysis for the AUDCHF pair on H4 timeframe
Feel free to share your opinion
Thank you & good luck
Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement . If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci...
Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, 61.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push down further, prices might...
💹AUD/CHF ⏬BUY LIMIT @ 0.70988
✅TP-1# 0.71129
✅TP-2# 0.71330
⛔️SL 0.70745
📊 Trade Accuracy 70% 📊
📊 Follow Proper M.M & Use S.L 📊
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