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Audchfshort

AUDCHF SELL ideaI was stopped out of this previous trade however I saw an opportunity for a re entry. I haven’t had the best of luck recently as a new trader I’m working on my craft. I see a good sell opportunity on AUDCHF and is demonstrated on daily level too. It’s got a lot of room to go down and despite a jump out of the channel it is still in continuation of its downtrend. I’m entered currently and running profit. My SL is currently 0.6555 with no current TP but I will be monitoring this trade and perhaps look into holding over the weekend/next week depending.
Short
by NGSfx
UPDATE: AUDCHF Currently at Sell Zone!!! Short Opportunity!!!Just a update from my previous AUDCHF analysis. (Link to that analysis is below) Alright, we can see AUDCHF now moving towards two strong resistance level: trend resistance and resistance level @0.6588. Having said that, I will be seeing a nice risk to reward trade for AUDCHF. First Level we have to keep a look out will be support level @0.6355. Having said that, if we were to see a BEARISH movement, I believe this level will be broken heading towards a strong support zone (Green Zone), at which price level will be at 38.2 fib level, strong support @ 0.6235 as well as heading towards the trend support level. My trade entry TP and SL is as above. Follow at your own risk, YGForex will not be liable for any loss in trade signal. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
No Reason To See a Breakthrough For AUDCHF!!!As of now, Im seeing a strong BEARISH pressure for AUDCHF as it approach an important double resistance level. Two level we can look to sell: current price and sell zone. What we can see now is a nice lower head pattern giving a BEARISH outlook. Price level now is also at the middle band which a breakthrough will give us a further bearish potential. However, if we see a rejection off this band we can see it heading towards the sell zone (Red Zone) where there is 2 resistance level we will be looking at. Mainly the trend resistance level (Red Line) and resistance level @0.6600. I will see price level heading towards 0.6350 and potential testing trend support (Green Line). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
AUDCHF H1 LONG PRICE ACTION FORECAST With price bouncing apart from a rising trendline from D1, it has found consolidation form the Fib level 5.0. Overall looking for the pair remains bullish. In H1, MACD bullish bias supports the short trend. Now if price action can manage the breakout of the current level a buy-stop entry can be placed, allowing the following setup: Price action in a pullback The order: Type: buy-stop S/L: 37 pips - R:R | 1:2 - T/P: aiming at the resistance level in confluence with the 200MA
Long
by OGFXTRADER