AUDCHF has been a structure level on the H1. If it breaks below this level then expect a retest followiing a short to the base level. If it also breaks out of the trendline then a retest should also give a long term short position.
Hello traders! We would like to thank the market for that buy opportunity from the bullish bat pattern, we’ve taken profits and look to see if we might have a possible short here. It is possible that we might see a wedge pattern here which if it is, a possible short might present itself here. This is an idea not a signal, posted for educational purposes. Trade...
targets in green. Trading is nothing without Risk management - please trade responsibly. Like, Follow and Comment for more. Show some love - it motivates me..!! Namaste..!! Disclaimer: Do your own research - above is an Idea
Probabilities favor a down move: 1) Regime filter: Strong downtrend. 2) Broken support turned resistance - resistance respected by a bounce downwards when tested 3) High reward to risk ratio - a meaningful stop loss placed at the psychological level of 0.64 Trade type: 1) Long term trend following: 2 weeks to 3 months time frame. - pyramiding down as trend...
Price broke 0.618 daily fib level. Bearish trend line serves as resistance. Risk reward ratio is good risk 1 get 2
hey guys, AUDCHF has reached the first strong resistance after a bullish rally from 0.535. important clues to consider on daily: overbought rsi bearish engulfing candle on 4H the pair is forming a bearish triangle with a sequence of lower highs. we need 0.607 support to be broken (4H candle close below) to short the pair. target levels: 0.597 0.585 stop...
Technicals : AUDCHF set up is such a classic textbook example. What I am expecting is to see the highs getting taken out. Confluences : Recent market structure tapped the ascending trendline for the 3rd time. Fibonacci from wave 2 to 3 gave way to the 78.6% rejection. Trader's Arena FX