Aud-chf
AUDCHF - PULLBACK - 09. APR. 2019WELCOME TO DACAPITAL-TRADING!
AUDCHF FOREX BREAKDOWN 09 APRIL 2019
1 HOUR
Explosive open above previous week highs taking out sellers
4 HOUR
Strong bullish wave formed and ending now
DAILY
Strong bullish price movement about to end we need a pullback
PULLBACK SETUP
SELL AUDCHF
ENTRY @ 0.71430
SL @ 0.71890
TP @ 0.70890
(Use normal Risk!)
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The similarity is uncanny - On the larger trend we see gold in downward trend however it's still in the buyers area.
- A word of caution to if you choose to sell and hold for a while.
- If it break the level in blue it should hold true till the support line.
- Currency pairs for this would be the CHF and AUD. as well as USD due to the fact that people tend to hold more in gold when the dollar faces some constraints
Aud/Chf Buy Hi All,
over the best 3 weeks i have bought and sold this pair inside the range . As you can see the demand for CHF is still high , hence why the price is stuck within the range . On the downside , if the AUD economy and reports don't go awol , we should be limited to any further downward movement.
On this bias i'm opening another buy for this week
Many Thanks.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CHF (This good setup can help you make $$)View On AUD/CHF (24 March 2019)
The risk-off attitude shall trigger this pair to go lower. This pairs shall be in the downtrend for a few weeks at least.
We just have too much overhead resistant above. The areas such as 0.709 and 0.72 will resist well. Every decent bounce up is a good chance to sell now.
As it goes lower, it should retest 0.7010 soon. Just mind the swap before taking any positions.
DYODD, all the best and read the disclaimer too.
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Thank You!
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AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching support, potential bounce!AUDCHF is approaching our first support at 0.7050 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.