ENTRY : 0.70965 SL : AS PER TRADER RISK MANAGEMENT TARGET : 0.69592
AUDCHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on...
View On AUD/CHF (24 March 2019) The risk-off attitude shall trigger this pair to go lower. This pairs shall be in the downtrend for a few weeks at least. We just have too much overhead resistant above. The areas such as 0.709 and 0.72 will resist well. Every decent bounce up is a good chance to sell now. As it goes lower, it should retest 0.7010 soon. Just...
AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading...
Trend continuation down as price breaks below cloud + Ichimoku cross downwards
A large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel. Price has formed a triangle shown above and has broken out of it to the downside and has...
Hi, this is a news trade, its risky. I forecast a shrp Up move, however I could be wrong. trade on ur own risk, thanks.
AUDCHF is approaching our first support at 0.7050 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed...
Hi traders, The 4-hour chart of AUDCHF shows that the breakout and retest of the Head & Shoulder pattern neckline is a complete 5-3 wave cycle. . The breakout shows a leading diagonal pattern in wave (i) and a zigzag pattern in wave (ii). . Considering that the corrective structure is completed and price also retested the broken neckline that lined up with...
AUDCHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we...
Entered first probe position here as it's early in the week and this is a continuation signal trade.
Hi Traders, The 4-hour chart of AUDCHF showed a reversal from a key resistance level and a broken H&S neckline. . As shown, the breakout impulse can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v (blue). . The Elliott Wave theory states that a three-wave correction follows every impulse. That is exactly what we are looking for now in form of a-b-c...
we are looking here into a probably nice trade that could take place this week or the next one the price could test the zone and drop back again and at the same time we are looking for the retest of the broken trend line
Wait for price to retrace to the sell zone marked in grey and completion of the Bearish Bat Pattern. Selling with larger timeframe downward trend. Entry price around 0.7168 For more conservative traders, can look out for pin-bar / doji candles for confirmation before entering the short. Do like and share this post. Follow me if my trading style suits you as...
AUDCHF Sell opportunity in the retest of the head and shoulder Pattern
This pair looks like a good short opportunity as this is currently a double top formation. If price can't break up the 0.618 fib level, a short to 0.70800 - 0.70600 price area is an ideal profit target. Also if you were to take a look at the 1HR chart, the stochastic is currently moving down from the overbought area and the MACD is currently looking to cross over.