This pair is Stuck in a range since June 2016, Will this pair break out of the range or follow the path of least resistance. The is a wait and see situation. However i think this is a good risk and reward trade for a short trade
Looking with another Eye on this Currency Pair.We will be watching this line for a bearish candlestick on a 4hr time frame. If we get a signal , this will confirm the trade.
Patience is the key. Happy Trading week.
This is a trade with high probabity of a win with proper trade management.
Reasons: Old Resistance become new support. Bullish engulfing candle 8 weeks of candle.
region to enter trade. 174.302 region. For better entry us a lower time frame on the region.
Low risk and High reward trade.
This pair has been coming down for a while. RSI is on oversold, pair is Retesting of major Support FIB -0.610 region., Bullish Flag observed. Great Risk to Reward. A weekly close below Primary trend, will invalidate the upward trend.
This pair seem to be ready to go up. on a Support Zone. A retest of this Zone. It is a good oppourtunity for a long position. This is a high probality trade seem to be going on with trend conitinuation to the upside. Good Risk to Reward ratio. Let us keep our eye open.
Here is a Weekly Chart. This pair seem to be ready to go up.At a completion and a retest of the line seem to confirm this trade. Risk to Reward Looks good. Using a tight stop for the trade. Let Us know what you think.
In 2008 if you can remember what happened. The Market Correction occured. From weekly Chart Looks like there is a market correction in the making. Maybe it is a good time to start looking for oppourtunty to sell.
1) Bias : Bearish
2) Raising Wedge
Lets keep our eye open !!
AUD/CHF is approaching The Resistance Line. A Daily Close below this line could mean an oppourtunity to the downside. Carefully entrying a short when those conditions are met. Good Risk to Reward. Resistance line to watch 0.86284.
Notice the line did not show when i published