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AUD rose up pretty massively in the past few weeks, but it doesn't change the fact, that price action from Monthly perspective is still very bearish.
Expecting downfall after complete BearFlag pattern. Watch correction and SELL ThankYou
I am shorting the pair because price action is very bearish and there are strong support and two beautiful trendlines guarding the area
Price predicted to fall after hitting the resistance. A potential H & S forming also.
Earlier today I mentioned a possible Head and Shoulders, difference is, I was hoping for a touch at the 61% fib, it seems we are about to reverse movement. I am now watching for a sell entry. If I fail to entry here, I'll keep my eyes open on the neckline, chances are that we get a fakeout first and then the drop below the neck.
As can be seen from the chart above, AUDCHF is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF in a...
FOREXCOM:AUDCHF broke out of the trend line and it is forming new highs moving gradually to the major resistance.
As can be seen in the chart, AUDCHF has been moving upwards for a while now. I expect the trend to continue for the near term. I have entered a position at the current levels of around 0.62190 level, and my take-profit level is around 0.62650 level. That is the next resistance for this pair, and I expect it to touch that level in the near term.
The uptrend in this pair has been strong for a few sessions, as can be seen in the chart. It is testing upward resistance to move further up, and I expect it to touch 0.62400 levels in the near term. It is currently at around 0.62200 levels, so that's a good move for this pair at this point. My expected take profit levels would be around 0.62400 for AUDCHF.
Hello traders AUDCHF is going back to retest the daily lows and i am looking at a possibility for the daily lows to be broken also due to the unemployment rate data and the covid-19.
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