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 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...
There is serious support right now We have been supporting this already 4 times and the price has not been able to break, Our recommendation is not to predict the next big step but simply to take advantage of the automatic increase that was due to a meeting with the support Buy AUDCHF Stop Loss: 0.7075 Take Profit: 0.7115
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...
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AUDCHF is in a bearish trend on the 4H and without support. We can expect it to fall further below. Place your SL anywhere near the last high and TP levels as shown on the chart. Trade safe.
IMPORTANT use position size calculator, do not risk more than 1% move SL slightly below 2-day low as soon as new D1 candle closes
IMPORTANT Use position size calculator, do not risk more than 1%
The dominant pattern that has guided the AUD/CHF exchange rate for the last one year is a descending channel pattern. As apparent on the chart, the pair reversed from its upper boundary on December 3 and has since traded in a narrow channel down. The Aussie is currently stranded between two important support and resistance areas. The pressure from both sides...
AUDCHF Bullish Cypher + Strong Resistance is broken and a big rejection candle is formed as well. OVERALL it is bullish .
Respected followers, AUDCHF is comes into bearish mode. As we can see that AUDCHF clearly rejected it's very long term trend line, which indicate of strong selling pressure.
AUDCHF looking good. Expecting this to move up soon. before it goes back down See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
AUDCHF have big possibility to goes down for long tram
AUDCHF has retraced well enough now. Also Stoch RSI is in overbought. i am expecting this drop down See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
AUDCHF has retraced to Fibonacci retracement level of 0.236. Also Stoch RSI has made a timely reversal. See previous analysis PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE