Audchfshort
Possible AUD/CHF Short Position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ 0.6945 - .... and fall to the 0.686 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.686
FX:AUDCHF
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.686
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
AUDCHFThe pair has posted an engulfing bearish candle yesterday respecting perfectly the 50MA and confirming the downtrend. It is at the moment sitting at support but if this is broken I can see a strong case for the pair to go all the way down 0.6775 area where I would expect a double bottom as this has been an area many times respected in the past (2015 and 2016).
This view is supported by MACD making a tick lower.
A pull back in the 4H chart and break of the lows will be needed for me to enter the trade.
Trade safe!
AUDCHF approaching support, potential for a bounce!
AUDCHF is expected to drop to 1st support at 0.68591 where it could potentially react off and up to 1st resistance at 0.69022.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF SELL Swing Short Term Target to .6800Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
AudChf Short But Reversal Due SoonAudChf is in a continous downtred and will have some pullbacks on the way down. This pair is not safe to sell because the next "Hot Zone" will be reached sooner than later!
Trading Inside of the Hot Zone will expose yourself to bank manipulation and stop loss hunts as the "hot zones" is where the 99 percent hang out!
Please wait for a confirmation of a trend reversal first... then go long before you decide to trade into the hotzone
Another Aud/Chf Update With Trend Structure Levels H4Here I have used a line chart to draw the trend structure areas on the chart. I see the double top as the start of a new trend. I see the structure levels as how trade will move down to the Fib .618 level! This is how I see it only! I hope this helps with anyone who has entered the trade!
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.