AUDCHF BULLISH CONTINUATION SETUPHi Traders,
The AUDCHF reversed from a major descending channel and horizontal support level and made an impulsive move higher labeled "Wave 1 or A," which broke out minor descending trend line and resistance level.
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This pair seems to completed building bearish ABC zigzag corrective chart pattern labeled "Wave 2 or B," at an important confluence level which could indicate a continuation of the uptrend.
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Considering that the price has broken our CTL after reversing from the confluence area, this pair has met our criteria for long entry.
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The take profit levels are projected on the chart accordingly.
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Best of luck on the chart,
Veejahbee.
Aud-chf
AUDCHF Approaching Support, Potential For A Bounce!AUDCHF is approaching its support at 0.7038 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7089 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.
AUDCHF Testing Resistance, Potential ReversalAUDCHF is testing its resistance at 0.7129 (61.8% Fibonacci extension , 61.8 % Fibonacci retracement , horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement , horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
AUDCHF Approaching Resistance, Potential ReversalAUDCHF is approaching its resistance at 0.7124 (61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.7038 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
NZDUSD Approaching Resistance, Potential ReversalNZDUSD is approaching its resistance at 0.6879 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.6801 (horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
AUDCHF approaching resistance, potential bounce! AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
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AUDCHF Testing Resistance, Potential ReversalAUDCHF is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
AUDCHF Approaching Resistance, Potential ReversalAUDCHF is approaching its resistance at 0.7110 (61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.7007 (23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and seeing a bearish divergence 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 resistance, potential drop! AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance , 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6952 (horizontal pullback support , 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDUSD Approaching Resistance, Potential ReversalAUDCHF is approaching its resistance at 0.7033 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap resistance) where it is expected to reverse down to its support at 0.6891 (38.2% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
AudChfA potential short opportunity on AudChf. Price has been sold off on the Daily time frame and hitting the next key support zone. What I will be looking for is some deceleration and slow down on the Daily chart along with the 4 hour. I would like to see a double bottom pattern form on the 4 hour chart for conformation of a reversal, along with a break and re-test of the 1 hour chart. Before looking to go long I would also like to see it line up with any fib zones for extra confirmation of a trend change. The more confluences the better!
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.6878 (100% Fibonacci extension , horizontal swing low support) where it could potentially bounce to its resistance at 0.7001 (23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a potential bounce could occur.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.6882 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 0.7041 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a potential bounce could occur.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.6983 (78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7106 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF Testing Support, Potential BounceAUDCHF is approaching its support at (61.8% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce to its resistance at 0.7088 (23.6% Fibonacci retracement , horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at (61.8% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce to its resistance at 0.7102 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.7100 (50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7193 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF Testing Support, Potential BounceAUDCHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.