FX:AUDCHF
The AUD.CHF is one pair on my watchlist into next week. We have now seen price break and retest an historical trendline dating back to 01.12.2015 We also have a very clear uptrend dating back to the 30.12.2016 With a trendline cross forming at .7700 it gives us a strong area of interest. I will be looking to take this pair long into early next week if the 4hr...
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.
The AUD.CHF is one currency pair on the watchlist for Sunday market open. Once my entry criteria has been met we will set a pending order and await a clear break.
we have a good set up but price have reached a very strong daily resitence so we must wait and see how price behaves the next hours,if we se a pullback making candles holding our red 38% fib and closing above it we will buy it with a 1:3 risk reward trade If you wish to follow and keep updated on this trade click the link in my Bio. HAPPY TRADING!!
I use daily Market Profile and Price Action to determine my swing levels. Apart from swing trades I also trade intraday levels which I publish everyday here at TradingView. My facebook about trading: www.facebook.com My Forex Factory thread (my intraday levels are discussed there every day): www.forexfactory.com
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.
0.5 FIB IS BROKE AND I AM WAITING TO TOUCH 0.61 ZONE AND THEN ROCKET TO THE RESISTANCE ZONE ! IT WILL BE A GOOD 140 PIPS
Bullish Bat setup under preparation Entry: 0.7490 SL: 0.7451 (-39) TP1: 0.7542 (+52) TP2: 0.7558 (+68) TP3: 0.7574 (+85)
Audchf trading around 0.7455 seems daily bullish pin bar and also holding support above 0.7400 level So advice to buy Audchf in range of 0.7455-0.7420 sl below 0.7380 TP1 0.7530 TP2 0.7580
FX_IDC:AUDCHF Safe Trades; open.spotify.com
Audchf if we see formed Strong weekly bullish pin bar and also on Weekly we can see strong support at 0.7230 and double bottom also. So this thing giving Sign for Bullish. so advice buy audchf in range of 0.7270-0.7340 with sl below 0.72 for Tp 0.7460 and tp2 0.7550
TREND CONTINUATION TRADE.... GREAT RISK/REWARD RATIO. HITTING THAT .618 FIBONACCI LEVEL WITH AN OVERSOLD RSI ON THE 15 MIN CHART.