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Audchfforecast

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. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
AUD/CHF Trade OpportunityThere should be an opportunity here for a buy or sell depending on what happens with the price action. If price closes above the dark blue resistance line, I would expect price to go up to at least around the .74700 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a retest). If price ever closes below the lower of the 2 parallel trend lines then it would be time to look for a short. To take the safest trade, wait for a retest of the trend line. If price closes below the lower of the 2 parallel upward trendlines, I would expect price to continue down to the lower trendline. Be careful with taking a short after price closes above the blue resistance line as price could reverse around the .74000 area. As always on my charts: Red Lines - Monthly Support & Resistance Orange Lines - Weekly Support & Resistance Yellow Lines - Daily Support & Resistance Dark Blue Lines - Support & Resistance Area I'm currently looking at (in this case 1 hr -0.44% .)
by Jabest
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good. Trade safely with proper risk management :)
Short
by YongLiang