Aud-chf
AUD CHF SELL (AUSTRALIAN DOLLAR – SWISS FRANC)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the continuation pattern and watch strong price action for sell.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.7197(100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7263 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
Gold remains on target to hit $1246/50Gold is seen to be trading around $1238/39 levels at this moment in writing, pretty close to hitting the first soft target at $1246 levels at least. The wave structure remains intact with Wave C progressing well towards $1250/70 levels respectively. Please note that Gold has taken out its first resistance at $1236 levels and could retrace lower a bit before rallying further. In either case, buying on dips remain to be a safe trading strategy for now. The next price resistance is at $1243, while support is seen at $1212/16 levels respectively. Please note that if Wave C is unfolding as an ending diagonal , we could see a drop lower soon before it produces the last leg higher towards $1250/70 levels. Overall, the medium term bullish structure remains intact for now and buying on dips against $1212 levels could be a favored trading strategy.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Dow Jones tops at 26000 levels?The Dow Jones Industrial average rose up to 26000 levels yesterday, before reversing lower. The indice is seen to be trading at 25830 levels at this point in writing (spot) and it might have topped out yesterday. Looking into the wave structure, Wave (2) of higher degree is being worked out as a potential flat or triangle. We had discussed earlier that if prices fail to break below 24100 levels, we could see a sharp rally that could test 26300 levels before reversing lower again. Now, it seems that Dow has hit the minimum expectations at 26000 levels and possibly reverse from here. If the above wave structure holds to be true, we could see a bearish reversal from here or around 26300 levels going forward. It is a safe trading strategy to remain short or open fresh short positions with a risk above 26950 levels and potential targets below 23000 levels respectively.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
AUD/CHF Approaching Structure, Looking For Short OpportunityOn a large scale, we see bearish momentum on AUD/CHF
We recently broke downwards, and we are close to finishing the retest of structure.
So I am looking for further downward movement
Possible Bat on AUDCHF 4hPA was less than 10 pips from projected point D, retraced a little but last 2 bars are going up.
Is a small one, but small things are the start of the great ones!
My numbers look like:
Entry: 0.73222
SL: 0.7345
TP1: 0.72624 (.386AD 2.64 RR)
TP2: 0.72440 (.500AD 3.44 RR)
TP3: 0.72255 (.618AD 4.26 RR)
Bats are the best RR Patterns!
Lets hope it completes and follows the rules! (Our rules...)
AUDCHF Approaching Resistance, Potential ReversalAUDCHF is approaching its resistance at 0.73340 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7168 (100% Fibonacci extension, 38.2% Fibonacci retracement , horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.71975 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7221 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
Possible AUD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Triple Top .
B – Beliefs
Market will be rejected at @0.723 level and move towards the first Target 1 level @ 0.72 level.
FX:AUDCHF
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @0.72
Risk/Reward @ 1.5:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
AUD CHF BUY (AUSTRALIAN DOLLAR – SWISS FRANC)Hi there. Price has completed the C wave to continue with the up move. You can see clearly how price moves impulsively at the bottom of the big pattern and now is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
AUD/CHF Broke Structure: Waiting for RetestAUD/CHF recently broke structure support... If we follow trend, we should wait for retest of that support (now resistance) and short to next level of structure.
We see AUD/CHF following the blue trendline in the upward direction, so we will look at this as our next level of structure. As seen on the chart, the blue trend line and pink support level meet at our target.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence 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
AUDCHF Reversed Off Resistance, Potential For Further DropAUDCHF reversed off its resistance at 0.7236 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 0.7195 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastics (34,5,3) is also approaching resistance and 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.
AUD/CHF eyes 110-EMA, stay short on upticksThe pair has failed to extend break above 200-DMA, slips lower with a spinning top formation at highs.
Risk-off action on the Asian equities and a non-eventful RBA minutes keep the Aussie on the backfoot.
Technical indicators have turned bearish. Stochs and RSI have rolled over from overbought levels and are biased lower.
MACD is showing a bearish crossover on signal line and we also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 0.7198 (110-EMA), 0.7138 (cloud top)
Resistance levels - 0.7278 (5-DMA), 0.7294 (200-DMA), 0.73
Good to stay short on upticks, SL: 0.7280, TP: 0.72/ 0.7140
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
