As you can see, the daily trendline was restpected well for the third time creating multiple tops and rejection. also we broke our 4HR trendline. bulls are losing control and bears are taking over. Do you like this analisys? Give me a like please. I wish everyone a great trading week!
Good Morning Traders, The AUDCHF may look to continue its recent gains. Hidden Bullish Divergence is forming on the 12H and 1D MACD/Price Charts. RSI is also at a moderate Resistance level on the 1D. Price was rejected at the 50-EMA on the 12H and the 240-LMA on the 1D. A LONG entry opportunity may present itself at the beginning of the trading week. Thanks...
Hello Traders, The AUD may continue its rise against the CHF. Hidden Bullish Divergence has formed on the 4H and price is being rejected at the 50-day EMA. Price is being rejected at the 240-day LMA on the 1D. Entry consideration would be made when the price closes above the 240-day LMA. (See 1D chart below) If you liked my analysis, please give me a...
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.
below 0.67007, set-up is invalid
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Pair: AUDCHF Prediction: Buy / Long Target: 0.71400
Pair: AUDCHF Prediction: Long / Buy
Pair: AUDCHF Prediction: Sell / Short Target: 0.70400
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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%
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.
Similar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller...