AUDCHF HUGE SHORT - TRIANGLE BREAKOUTAUDCHF was travelling in a triangle, until price broke out to the downside and came back up to retest the triangle and also the descending trendline formed from the triangle.
That is where we locked in the short trades as shown further down in our Trading view feed, we have now entered another entry - LETS GO !
Audchfforecast
AUDCHF Multi Harmonic Pattern Analysis and StrategyWe see the formation of 2 harmonic shark patterns, big (blue) and small (pink). This signaled us to buy trading the 4th leg of the shark patterns. The small one completes @ 0.7109, which is our target and where we will close our position in profit. OANDA:AUDCHF
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
AUDCHF Harmonic Butterfly Analysis and StrategyWe see the formation of a butterfly pattern on the 4 hr chart which signaled us to take a position and trade the 4th leg of the pattern. The position has already moved as predicted and hit our first take (first green zone) and we are still targeting the second green zone where we set our second take profit @ .71699. FX:AUDCHF
#AUDCHF Signal+AnalysisThere is serious support right now We have been supporting this already 4 times and the price has not been able to break, Our recommendation is not to predict the next big step but simply to take advantage of the automatic increase that was due to a meeting with the support
Buy AUDCHF
Stop Loss: 0.7075
Take Profit: 0.7115
AUDCHF / BUTTERFLY HARMONIC PATTERNI will share updates.
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
AUDCHF continues bearish against resistanceI wouldn't call the full bar one day ago a doji because its not a huge indecision, but the indecision is most certainly present. Originally I wanted to see if this trade will hold up against the resistance level and it continues to look like so. However, we see a bearish dominance in the most recent bar session. I'm taking an early short position in order to maximize R:R.
AUDCHF bearish bar dominant on daily outlookSimilar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller reward to risk ratio. Nevertheless, profit target has not been set and stop loss will be tightened up as this pair continues lower.
~Financial Gambler, or at least that's what they call us retail traders
AUDCHF SHORT coming this has hit the 0.618 fib retracement
personally will watch this closely as
it might retrace to about 0.382. i am
expecting this to drop. once it breaks
the blue line, should hit the 1.618 fib
extension
like, follow and comment :)
see previous chats especially the weekly one too