AUD/CHF seems to not have any more support to go any higher and a breakout of it's current support would bring the currency pair down about 200 pips and more.
This is a good short long term opportunity with a risk:reward of 1:2.
Always invest after your own analysis and always risk manage properly.
Happy trading!
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
This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000.
It is hard to predict how the pair will act in the next couple of ...
Hi boys. I'm short on Aussie swiss franc. Chart is pretty self explanatory. Lower lows, separation of conversion from base line, broken trend line, broken flag, broke the cloud. Minimum 3 waves down for me. TP at the Fib extensions 1.618 and 2.618.
I just entered this AUDCHF SHORT trade. It seems that the price is going down to challenge the daily (green) seller zone.
There will be important news coming in about 2 hours. Hopefully the news will push the price to my target.
And, because of the news, I entered with a SL higher than I normally do and did a half position.
Let's see how it goes. ...
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 has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568.
The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North Korea.
Technically, we note a 'Bearish Bat Pattern' on AUD/CHF daily charts which combined with bearish divergence has seen downside.
We see scope for further ...
Timeframe: Daily
Broke through a bullish long term TL, and is now retesting this broken TL (BRC). This retest also aligns with a bearish 61.8% fib level.
We can see a nice AB leg downwards off a long term resistance level, and now seeing the retracement (C Leg) forming here.
SL placed above the 78.6 fib level, and TP placed for good RR.
