AUDCHF Is Looks like Following Adam and Eve Pattern
Wait for Neckline Breakout If a break invalid condition take
Entry.
Adam And Eve. This pattern provides big profit opportunities when the reversal occurs at the end of parabolic rallies. According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and...
Hello and welcome to my Trade Idea of the currency pair AUD/CHF:
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see...
Pending Short AUDCHF at 0.7045
TP 0.6884
S.L 0.7112
Risk/Reward: 2.4
Risk of capital for trade: 1.5%
- Bearish breakout of head and shoulders and overall negative markets sentiment.
This one didn't manage to hold important area and is making new lows. I'll try to catch it on pullback (if there will be one) and short it in red marked area with green marked target areas. Initial SL at 0.691 and will be lowered when/if trade will go in my favour.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
The pair broke the long-term support of 0.65952.
And it is currently hovering around it in the short-term.
We expect the long-term trend to kick in now and nudge the pair down from here.
Very predictable Market lol.. all AUD pairs were heading to take out the Lows after that Flash Crash early January 2019
So said so done. Fundamentals just found a way to take out the lows lol...
We may see a pullback to the highs now in the future
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FX:AUDCHF
As per looking to the current situations Swiss Franc is getting weaker against almost 47.33 % currencies.
Also the price is on it's deep low and a beautiful Bullish Cypher pattern completed.
Now wait for the price to make solid movements before trade.
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* This is not an investment advice just for education,...
Double bottom has formed on larger and smaller time frames. Also historical lows have been reached. Once profit is made put Stoploss at entry or in profit. The reversal is coming soon.
CLEAR PRESENCE OF BULLISH PRICE ACTION, AS THE LIQUIDITY FROM THE LOW PRICE OF THURSDAY HAS BEEN TAKEN, NOW WE CAN SEE A PUSH BACK TO TEST THE PREVIOUS HIGH PRICE
The Australian Dollar vs. the Swiss Franc pair is usually used as a carry trade. Swiss Franc is considered as a safe currency during unstable economic times and the Australian Dollar is a more responsive one to global economic conditions. AUD CHF pair is often used as a measuring stick for the global economic performance.
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