Audchfdaily
Short AUDCHF Based on 4H, Daily + Weekly ChartsSorry I've not been so active recently, been away for a week.
AUDCHF recently broke out from a strong downtrend and found resistance at the 38.2% fib level. Today the daily candle did retest this level and will be closing strongly below. We have the opportunity to short this pair and I will be watching closely on lower TF's before opening a sell order.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Weak CHF across the board: Buying USD, AUD and GBP against it!Welcome to May 2017!
This can be a month to remember or a month to forget, I choose greatness and memory! My trades will rock and roll today!
I have had a buy since the 28th of April on USDCHF and now I am adding another CHF sell this time on AUDCHF. Price action is indicating a strong bullish push in the short run, my first target is the 37.5% MPI (Price: 0.75660) once price reaches the level I will then decide what I am going to do, i.e. compound, close-portion, close- all etc...
The pair has been in a long-term channel, which can be seen in the chart, its been there since mind 2015 and I still believe there is more room to go which will allow me to apply a trend trade to this pair and maximize the returns.
Thanks and Happy week and month!
Bull Hugging The Bear It's a good bullish indication, when you see one very bearish day (2017-03-16) being "hugged" by bullish days. Hoping to see a clear bullish day tomorrow as well by the end of day, to get the well known 'Three Bullish Soldiers'. Much as I like word play, I do not blindly follow that indication, yet, adding macro economics and several others indicators, it shows a bullish sentiment.
CHF With Strong Consumer PriceAUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying volume. I trust this one to fall today or tomorrow. Because of the short distance to the next support level, I would not go in with a huge position, but rather with a minor to small amount.
AUDCHF short term A break of the 50ema could open up the high side and retest the .7590 zone which would act as the upper parallel for the channel. If it fails to break above the 50 we have another trend line which would act as the upper parallel and push price back down to the .75 zone to create a new low.
Aud/Chf Can the uptrend continue? (Feedback appreciated)Forgive me I am not specialist when it comes to knowing all the bullish and bearish pattern formations YET. But it has been in a clear bullish channel for a while now. But recently its created higher lows and highs. It can continue to rise up as I have drawn. I can tell it is in a breakout formation to the upside or down is too early to tell.
AUDCHF, looks like ascending, but should focus on failureThis looks very much like an ascending triangle pattern. However, it is not yet a classical one. Horizontal top is almost adjusted. The price already crossed the pattern several times. However, at this moment, we have to wait and see how the market respond to this structure.
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Keep calm and see how the market respond to this structure.