Audchfshort
AUDCHF and Sell Area (27/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
AUDCHF - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish price action after taking out previous highs.
4 HOUR
Sideways market structure at its top, expecting a reverse shortly!
DAILY
Overall good short entries, prices too high.
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FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.65380
SL @ 0.65650
TP @ 0.64950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
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.
Trendline Break & Retest | SELL LIMITAUDCHF broke out of the ascending trendline on lower time frames and is currently trending within a parallel descending channel. Looking to open shorts on a pullback towards the 0.5 inner fib retracement zone - which outlines perfectly with our broken trendline.
If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.