AUDCHF 4H Short Resistance: 0,76970 Support: 0,75990 - 0.75400 This is not investment advice
Short term trade, waiting for price to hit PRZ and RSI to hit overbought level. R:R at 1.2 (TP1) and 2.1 (TP2). I will update if pattern completes.
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...
price facing structure and 61.8 level. we can consider to short
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!
Daily Bearish Engagement Safe Trades;
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.
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...
will take short position if price break the neckline..
Head and shoulder on AUDCHF feel free to take ideas but trade with your own mind ;)
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.
Sorry I've not been so active recently, been away for a week. AUDCHF recently broke out from a strong downtrend and found resistance at the 38.2% fib level. Today the daily candle did retest this level and will be closing strongly below. We have the opportunity to short this pair and I will be watching closely on lower TF's before opening a sell order. This...
AUD/CHF rejected at cloud, edges lower from multi-week highs at 0.7430. The pair has edged lower to break below 50-DMA and bias lower. Downside has hit fresh weekly lows of 0.7334, has since pared losses to currently trade at 0.7351. Close below 50-DMA at 0.7365 has raised scope for further drag lower, test of 0.73 (23.6% Fib) now likely. Technical...