as the price broke my first pyschological level. i waited for a retest to enter in for a short position toward a sell market. to the level support zone. and when pontentially its break that level. by tomorrow or by new york session there will be retesting of the new resistant zone and it will continue on the downward trend position.
AUDCHF chart is in bullish trend. Observed divergence has played its part currently its forming a shape of cup and handle which is a continuation pattern.
AUD CHF PRICE - DOWN FALL TO SUPPORT ZONE new york session traders will make the price down fall, make a sell entry as shown in the picture follow for more live updates...
Break of Trend line looks like it's rolling over
Probably get some pips out of it
Usually role over after a big push up
Just had nice pull back into fvg
Should head lower
Lets see
A #short trade opportunity recently presented itself on the #aussieswissy (#AUDCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.59973 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum...
A glimpse of the AUDCHF in the first half of 2024
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It seems that AUDCHF bullish move is exhausted. It is trading in a rising wedge pattern. Trade will be confirmed if and only if the HL and Rising wedge pattern is broken to the downside. Significant levels are marked on the chart
AUDCHF in 1h timeframe chart has printed Rising Wedge Reversal Pattern with Bearish Divergence.
If It break it's last higher low. I'll Sell (Stop) at 0.59245 and Stop Loss above at 0.59645.
Price Action.
H4 Bias Bullish
H1 Bias Bullish
Price retrace back into the H4 Horizontal Level after breaking and closing about it. Price most likely will head higher as AUD is slight strengthing and CHf been weakening based on fundamental.
At the H4 horizontal Level. Price formed a double bottom pattern, the price break the resistance. Set a long trade at the...
Hello there,
CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC.
There is an open area at 0.58000 that could potentially influence the price to drop further.
In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way...
Price made a pulse to the upside with 3 consecutive candles and made return from Fib (0.318)
Fib (0) is broken, after candle close, I will be looking at a retest on Fib(0) for entry
AUDCHF has been in an uptrend and following an upward trendline in H4 for the last two months. It broke out of the trendline, has retested it, and formed bearish candles. It's likely to continue moving downwards in a bearish trend.
Up move with all green candles, retracement with red candles. fine retracement on Fib (0.5).
Strategy based, Fib (0.318) retracement is mostly expected, but this one has a perfectly alligned Fib (0.5 retest).
Price broke above Fib (0) and I'm waiting for a retracement on Fib(0) for entry
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