AUDCHF - flag pattern breakout planPrice is forming a rising flag pattern indicating a bearish breakout. We expect price to either (i) break at the lower trend line of the pattern or (ii) continue up and reject from previous resistance before breaking the pattern to the downside.
Target will be the base of the flag pattern
Audchfshort
get ready to sell this pairAs you can see my chart analysis....
it clearly explains itself,i marked out the channel in which it is forming an uptrend...
i trade out of the channel but i only trade the reversal not the continuation
And i think the reversal is coming because it is the area of our resistance....
so boys calm down and i will update you guys when you gonna sell or maybe sell when a strong bearish candle stick forms outside the lower boundary of the channel..
thanks guys..........
AUDCHF sell signal........It's a great time for me to sell AUDCHF pair. If it retests then you can enter to trade. But you can still sell this pair.
After entering the trade you can move SL to the entry label when it reaches TP- 1
Then You can take half of your profit to close half of your trade.
And wait for reaching TP -2
AUDCHF Analysis: Price following a broadening wedgeHi traders,
Price still in an uptrend and following a broadening wedge within the ascending channel.
Currently the price has hit the resistance line of the wedge and is likely to bounce off towards the wedge support level.
Breaking of the wedge resistance line will invalidate this short/sell signal.
Share your opinions in the comment section. If you agree with the analysis kindly hit like to show support.
AUDCHF Analysis: Short term tradeAUDCHF is generally in an uptrend and following an ascending channel.
However, currently it has formed a triangle pattern within the structure which may present a short term trade opportunity.
I have marked it a short because personally I feel the triangle may break from the bottom side. You may wait for the breakout to confirm your side of the trade.
AUDCHF Analysis: Price at a strong resistance levelAUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes.
There is a likelihood that the price may fall down towards the support line of the channel.
Breaking of the resistance level with invalidate this analysis.
If you agree with this analysis hit the like button to show some support.