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Audchfanalysis

AUDCHF LARGE SHORT APPROACHINGA large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel. Price has formed a triangle shown above and has broken out of it to the downside and has already to come back up to retest. We could see a large short from this position, the drop has already started however the trade is still a long way to go. Global Forex Kingz members were sent this signal at the retest zone of the triangle and are in a risk free +25 pip short trade already. The targets are marked out on the chart above. Target 1 and 2 are shown by purple rays
Short
by UnknownUnicorn2396129
AUDCHF Returns to Level 1.00 Fibonachi or Further1. Volume divergence, has been formed at a higher time-frame W1 -------------------------------------------------- -------------------------------------------------- ---- 2. Reversing the Fibonacci level of 0.618, the price has reversed and has retested the first wave of the elliot wave -------------------------------------------------- -------------------------------------------------- ---- 3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further. -------------------------------------------------- -------------------------------------------------- ---- 4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 0.735 -------------------------------------------------- -------------------------------------------------- ---- 5. Target Zone, the price will move far towards the fibonnachi level at least at 1.00 (0.703) or further 1,618 (0.69) -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Long
by VolumeWaveFX
AUDCHF (1D): Strong Rejections for a Sell AUDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish Engulfing Candle (Daily) - Stochastics Overbought Condition (1D) - Rejection of 50% Fibo line - Rejection of Horizontal Trendline (since Feb 2018) - Price action reversed against Resistance of the Parallel Channel - Fundamentally, AUD is pressured downwards with the growth concerns lingering around China and trade war issues not resolved. The CHF will most likely continue to act as a safe haven pair if market volatility remains. Suggested Trade: Entry @ Area of Interest 0.7245 - 0.7330 SL: 0.7367 TP: 0.7057 RR: Approx. 2.04 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
AUD / CHF - Range bound & ready for LONG?This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within your account management policy, I'm looking for a bigger move out of the channel up @0.76.
Long
by CBMotivation
8
AUDCHF trading outlook AUDCHF Has really rallied up to test the trendline going back to 2015. AUDCHF made a new low last week and just continued up after that, creating higher lows and higher highs. I believe we will see some correction or rejection for next week before continuing up, maybe all the way up to the weekly 200MA. If the price continues lower than bias will change. For the week to come there is only two high impact news on AUDCHF: Thursday, July 20, 2017 AUD Employment Change (JUN) AUD Unemployment Rate (JUN
Long
by iskald