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Audchfshort

Long Term Swing - Ichimoku AUD/CHF Trade SetupThis pair had been stuck in a zone for awhile but is now testing a major price structure support level. This is a pretty straight forward setup where I am looking for a break of price structure support for a chance to swing trade lower. I've set my long term target at major price structure lows you can see on the left side of the screen, but we have lots of levels to aim for as long this bearish trend stays valid. I've drawn out horizontal lines at a lot of these levels that I will use for partial take profit levels to aim for along the way. If we fail to break through this support level or continue on a bearish trend, this setup may become invalidated.
Short
by The808Trader
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!
Short
by SMPTrader
1
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!
Short
by MicKi
1