AUDCHF - PULLBACK - 09. APR. 2019WELCOME TO DACAPITAL-TRADING!
AUDCHF FOREX BREAKDOWN 09 APRIL 2019
1 HOUR
Explosive open above previous week highs taking out sellers
4 HOUR
Strong bullish wave formed and ending now
DAILY
Strong bullish price movement about to end we need a pullback
PULLBACK SETUP
SELL AUDCHF
ENTRY @ 0.71430
SL @ 0.71890
TP @ 0.70890
(Use normal Risk!)
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Audchfshort
Possible AUD/CHF Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe 4 - 16hrs
Actions on -
A – Activating Event
Market will meet resistance in zone @0.711 - .... and fall to the 0.705. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.705
FX:AUDCHF
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.705
Target 2 @ ....
Risk/Reward @ 2.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
AUDCHF TANKING LOWER?AS seen in our of our last opportunities, AUDCHF was travelling in a triangle however we saw a breakout to the downside. more visible in this idea
Price came back up to retest the triangle and while doing so it formed an ascending trendline which was broken and on its way down another one was formed. Price is there now, we are expecting some sharp rejections from this area
AUDCHF HUGE SHORT - TRIANGLE BREAKOUTAUDCHF was travelling in a triangle, until price broke out to the downside and came back up to retest the triangle and also the descending trendline formed from the triangle.
That is where we locked in the short trades as shown further down in our Trading view feed, we have now entered another entry - LETS GO !
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CHF (This good setup can help you make $$)View On AUD/CHF (24 March 2019)
The risk-off attitude shall trigger this pair to go lower. This pairs shall be in the downtrend for a few weeks at least.
We just have too much overhead resistant above. The areas such as 0.709 and 0.72 will resist well. Every decent bounce up is a good chance to sell now.
As it goes lower, it should retest 0.7010 soon. Just mind the swap before taking any positions.
DYODD, all the best and read the disclaimer too.
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Thank You!
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AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF LARGE SHORT APPROACHINGA large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel.
Price has formed a triangle shown above and has broken out of it to the downside and has already to come back up to retest. We could see a large short from this position, the drop has already started however the trade is still a long way to go. Global Forex Kingz members were sent this signal at the retest zone of the triangle and are in a risk free +25 pip short trade already. The targets are marked out on the chart above.
Target 1 and 2 are shown by purple rays
AUDCHF approaching support, potential bounce!AUDCHF is approaching our first support at 0.7050 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF HEAD & SHOULDER SHORT TRADE IDEAHi traders,
The 4-hour chart of AUDCHF shows that the breakout and retest of the Head & Shoulder pattern neckline is a complete 5-3 wave cycle.
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The breakout shows a leading diagonal pattern in wave (i) and a zigzag pattern in wave (ii).
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Considering that the corrective structure is completed and price also retested the broken neckline that lined up with resistance level and 61.8 Fib ratio, a bearish continuation is expected in wave (iii).
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We will wait for the break out of the blue CTL to confirm the sell setup.
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Best of luck on the chart!
Veejahbee.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF HEAD & SHOULDER BEARISH TRADE SETUPHi Traders,
The 4-hour chart of AUDCHF showed a reversal from a key resistance level and a broken H&S neckline.
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As shown, the breakout impulse can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v (blue).
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The Elliott Wave theory states that a three-wave correction follows every impulse. That is exactly what we are looking for now in form of a-b-c (red) corrective pattern to retest the broken neckline that lined up with 50.0-61.8 FIb ratio as indicated on the chart.
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Once the 5-3 wave cycle is completed, the bears can be expected to lift the pair below 0.68783 area. If this analysis is correct, March should be just as enjoyable for the bears as December was.
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Best of luck on the chart!
Veejahbee.