Audchf trading around 0.7530 level Where we can see strong supply zone above 0.76. Simply Trade sell advice from cmp 0.7530 also set pending order around .760 both trade sl set above 0.7660 tp1 0.7390 tp2 0.7300
Sell from .76 would be ideal but presently at .0756 level. Wait for retest of resistance before sell (long term) goal (0.66)
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.
Audchf forming Shark pattern on H4 we can see and also on daily charts its seems strong Resistance above 0.7670 level Advice to sell in range of 0.76-0.7650 sl above 0.7680 TP 0.7450
we see a downtrend rising wedge.. we expect this to break to the down side and find support in the 0.700xx area ..
The pattern looks more like a pennant. Breakout is over, now there is a very good possibility to go short. Act according to your trading style.
Downward trend is nearing completion, you can begin to establish long positions
I find 2 "Wolfe Waves" in Aussie/Swissy 3H chart . It's time for short !!!
AUDCHF Looking For Breakout Strong Suport.0.75560 Lvel Then Next Two Target Ready For Hit .Ist Target 0.74764 Two Target 0.73933
Hello Traders, First of all don't take it as trade call, This is big structure in play so I'm just expecting it play as I have drawn in chart. corrective pattern can be more complicated. I wanna know what you guys think about it. I am waiting for breakout but thats too soon.
61.80% Fib down trend daily pivot and a 200day MA and a candle pattern turning bearish on hourly more then enough reasons to short !
Audchf trading around 0.75 and Rejecting above 0.76 level on daily chart many time if hold below 0.76 we can see a drop toward 0.72-0.7250 Advice to sell in range of 0.75-0.7560 sl above 0.7650 TP1 0.7380 TP2 0.7250
This looks very much like an ascending triangle pattern. However, it is not yet a classical one. Horizontal top is almost adjusted. The price already crossed the pattern several times. However, at this moment, we have to wait and see how the market respond to this structure. Follow my Update Keep calm and see how the market respond to this structure.
AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the...