AUDCHF - LONG AUDCHF seems to give a reversal signal regarding the RSI and price pattern.
In my point of view, AUDCHF is still considered as a downtrend, thus trading opposite the trend should be done in a short period of time, "Hit and Run".
Reward/Risk is about 1.5, which is still convincing.
!**Disclaimer**! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Audchfanalysis
AUDCHF selling opportunity in Day chartAUDCHF
AUDCHF
pair just breakout the trend line and fall back below 100 Exponential moving average.
We can expect the fall back towards 0.67150 which is 50% Fibonacci level.
From this level we may open short positions and the potential take profit will be 0.65000 which is 2019 August month low.
And its a major psychological level.
Stop lose may placed above the 0.68200 level
AUDCHF potential reversal!
AUDCHF expected to rise up to 1st resistance at 0.67866 where it could potentially react off and drop down to 0.67516.
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AUDCHF 4H SellAUDCHF 4H Sell
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
AUDCHF sell signal........It's a great time for me to sell AUDCHF pair. If it retests then you can enter to trade. But you can still sell this pair.
After entering the trade you can move SL to the entry label when it reaches TP- 1
Then You can take half of your profit to close half of your trade.
And wait for reaching TP -2
AUDCHF Analysis: Price following a broadening wedgeHi traders,
Price still in an uptrend and following a broadening wedge within the ascending channel.
Currently the price has hit the resistance line of the wedge and is likely to bounce off towards the wedge support level.
Breaking of the wedge resistance line will invalidate this short/sell signal.
Share your opinions in the comment section. If you agree with the analysis kindly hit like to show support.
AUDCHF Analysis: Short term tradeAUDCHF is generally in an uptrend and following an ascending channel.
However, currently it has formed a triangle pattern within the structure which may present a short term trade opportunity.
I have marked it a short because personally I feel the triangle may break from the bottom side. You may wait for the breakout to confirm your side of the trade.
AUDCHF Analysis: Price at a strong resistance levelAUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes.
There is a likelihood that the price may fall down towards the support line of the channel.
Breaking of the resistance level with invalidate this analysis.
If you agree with this analysis hit the like button to show some support.