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Audchflong

AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
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 HEAD & SHOULDER BEARISH TRADE SETUPHi Traders, The 4-hour chart of AUDCHF showed a reversal from a key resistance level and a broken H&S neckline. . As shown, the breakout impulse can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v (blue). . The Elliott Wave theory states that a three-wave correction follows every impulse. That is exactly what we are looking for now in form of a-b-c (red) corrective pattern to retest the broken neckline that lined up with 50.0-61.8 FIb ratio as indicated on the chart. . Once the 5-3 wave cycle is completed, the bears can be expected to lift the pair below 0.68783 area. If this analysis is correct, March should be just as enjoyable for the bears as December was. . Best of luck on the chart! Veejahbee.
Short
by Veejahbee
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7186 (Horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7160 (Horizontal swing low support, 38.2% Fiboancci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.71850 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7145 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
AUDCHF long swing trade set-upAUDCHF long swing trade set-up based on higher lows and green volume dominating 1W, retrace to .618 - .786 fib zone 1D, and we had a bit of a wick down that is offering a potential for entry at the 0.71260 level. I'll be watching to see how this dip behaves, if we get buyers stepping up we have an optimal entry.. I can see the green beret moving in for the kill as I'm writing this. Stop loss under .786 if it heads south. Keep it simple.Not financial advice.
Long
by tradingwithanthony
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7191 (horizontal pullback resistance, 61.8% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.7149 (38.2% Fibonacci extension, horizontal swing low support). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill