AUDCHF IS JUST RETEST DAILY BREA KER AND START FALLING POSSIBLE DOWNTREND NEXT WEEK AFTER MONDAY FAKEOUT
The pair has posted an engulfing bearish candle yesterday respecting perfectly the 50MA and confirming the downtrend. It is at the moment sitting at support but if this is broken I can see a strong case for the pair to go all the way down 0.6775 area where I would expect a double bottom as this has been an area many times respected in the past (2015 and 2016)....
AUDCHF is expected to drop to 1st support at 0.68591 where it could potentially react off and up to 1st resistance at 0.69022. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area. If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at...
I think the aud/chf pair breaks the neckline of double top pattern and pull back to the neckline and now I want to enter a short position.
AUDCHF Short position at play rejection of the resistance level
AudChf is in a continous downtred and will have some pullbacks on the way down. This pair is not safe to sell because the next "Hot Zone" will be reached sooner than later! Trading Inside of the Hot Zone will expose yourself to bank manipulation and stop loss hunts as the "hot zones" is where the 99 percent hang out! Please wait for a confirmation of a trend...
Here I have used a line chart to draw the trend structure areas on the chart. I see the double top as the start of a new trend. I see the structure levels as how trade will move down to the Fib .618 level! This is how I see it only! I hope this helps with anyone who has entered the trade!
On the daily candlestick analysis , you can see that yesterday price could not make it higher! If you go to hour 4 you can see extreme rsi divergence on hour 4 ... I simply drew the fib retracement to the .618 for the take profit area! Hope you enjoy!!!
AUDCHF reversed off its resistance at 0.69462 where it could potentially drop further to 0.68573. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF is approaching its resistance at 0.69056 where it is could reverse down to its support at 0.68288. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission...
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Waitin break and close below
AUDCHF expected to rise up to 1st resistance at 0.69054 where it could potentially react off and drop down to 1st support at 0.68419. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
ENTRY : MARKET PRICE POTENTIAL PULLBACK AT LEVELS : 0.67992 /0. 67910 SL : AS PER TRADER RISK MANAGEMENT TARGET : 0.67492
Last analysis said Short but Reversal Coming Soon! We have not had that reversal and price is still moving down as expected!
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
The Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF. Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630. Initially this trade has been taken as a day-trade...