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Audchfsell

AUDCHF approaching resistance, look out for potential reversal! AUDCHF is approaching its resistance at 0.69056 where it is could reverse down to its support at 0.68288. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
AUDCHF - ShortThe Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF. Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630. Initially this trade has been taken as a day-trade however we will look to scale into a larger position and hold for anywhere from a couple of days to a couple of weeks should the initial target at 0.68325 be convincingly broken. Keep it real. Cheers, Paul.
Short
by Mase_00_7
AUDCHF Major LevelAUDCHF has been travelling in a descending channel marked out in black. Price recently hit the top of the channel and has started making its way down, on its way it has formed another descending channel marked out in blue. Right now price is at a major support level, It has previously been tested in the past very strongly. If price breaks above the descending channel we could be seeing another test of this area and make its way back up, or it could break below this area, retest it before dropping to make Lower Lows.
Short
by UnknownUnicorn2396129
AUDCHF AT THE BOTTOM OF ITS TRIANGLE AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards. For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l.. LEAVE YOUR THOUGHTS BELOW....
by UnknownUnicorn2396129
AUDCHF SELL LIMIT OPPORTUNITYThe price action of AUDCHF recently has been quite simple, it has been travelling in a triangle, price most recently broke out of a descending trend line to the upside and while doing so formed an ascending channel. Price followed in the channel all the way up to the top of the triangle where we experienced a small breakout to the upside. This was quickly turned into a false breakout when price shot down, breaking out of the ascending channel to the downside and back into the triangle. Now, price will most likely come back up to retest the inside top of the triangle before making its way back down. The 0.618 retracemennt level lines up perfectly with the inside of the triangle, we have placed sell limit orders at the 0.618 and our tp is at the -1.27 extension level. IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
ELLIOT WAVE VIEW: AUDCHF SETS TO FALL 400 PIPS IN SHORTER CYCLEHi Traders, The AUDCHF daily chart shows that the decline from Dec 2018 high to Jan 2019 low took the shape of a textbook five-wave impulse in wave (a) in red. . The Elliott Wave theory states that a three-wave correction in the opposite direction follows every impulse. In AUDCHF’s case, wave (b) in red looks like a w-x-y double zigzag retracement. . Waves (a) and (b) are simple a-b-c zigzags, while wave (c) is still in progress but almost completed. If this count is correct, once wave (c) completes the 5-3 wave cycle the trend can be expected to resume in the direction of the impulsive sequence. . With regards to traditional technical analysis, price is currently rejecting a weekly resistance that lined up with 78.6 Fib ratio which suggests the high-probability reversal is expected from the near current level. . One of the guidelines for EW zigzag formation is equality of wave A and C, in this case, wave (a) will equals wave (c) around 0.67489 area. So targets below 0.68298 are highly probable for wave (c). . Thanks for reading! Veejahbee.
Short
by Veejahbee
AUDCHF - PULLBACK - 09. APR. 2019WELCOME TO DACAPITAL-TRADING! AUDCHF FOREX BREAKDOWN 09 APRIL 2019 1 HOUR Explosive open above previous week highs taking out sellers 4 HOUR Strong bullish wave formed and ending now DAILY Strong bullish price movement about to end we need a pullback PULLBACK SETUP SELL AUDCHF ENTRY @ 0.71430 SL @ 0.71890 TP @ 0.70890 (Use normal Risk!) IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
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 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