Audchfshort
AUDCHF ShortThis pair looks like a good short opportunity as this is currently a double top formation.
If price can't break up the 0.618 fib level, a short to 0.70800 - 0.70600 price area is an ideal profit target.
Also if you were to take a look at the 1HR chart, the stochastic is currently moving down from the overbought area and the MACD is currently looking to cross over.
AUDCHF, Trade Idea.I think that AUD/CHF will continue up move
I open buy
because:
- We have a MACD signal
- Potential reward will be 1 to 2.6
AUDCHF short swing trade set-upAUDCHF short swing trade set-up based on 1W price action at top of down-trend line, rejection 200 ema 1D. I see a reasonable argument for a pullback at resistance. Not financial advice.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7186 (Horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7160 (Horizontal swing low support, 38.2% Fiboancci retracement).
Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.7146 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7179 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.8% where a corresponding bounce could occur.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.71850 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7145 (61.8% Fibonacci retracement).
Stochastic (55,5,3) 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 Trade OpportunityAUDCHF broke a big rising wedge on the daily timeframe. Following that we see a head and shoulders pattern that its likely to break. Expect price to move towards the final target (blue box), if we break the head and shoulders.
AUDCHF SHORT ON RALLYAUDCHF HAS BROKEN SUPPORT,
WAIT FOR SIGNAL TO SHORT
CONTACT ME FOR YOUR MENTORSHIP,
FREE SIGNALS, AND ACCOUNT MANAGEMENT!
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7191 (horizontal pullback resistance, 61.8% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.7149 (38.2% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT BUY ON AUDCHFAUDCHF IS ON A DOWNTREND
BUT AUDCHF COMPLETED A SHARK PATTERN HOURS AGO
AUDCHF WILL BUY FOR A WHILE AND STALL @ 61.8% FIB LEVEL MARKED AS THE BLACK ZONE AND CONTINUE THE DOWN TREND FROM THERE.
ENTRIES CAN BE AT NEXT RETEST LEVELS
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.7172 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7237 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
AUDCHF / BUTTERFLY HARMONIC PATTERNI will share updates.
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7183 (horizontal overlap resistance, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.7113 (50% Fibonacci retracement).
Stochastic (55,5,3) 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 - 3:1 Potential Short Trade. Bearish strong engulfing candle and it will probably continue to drop further down.
AUDCHF - Incoming DropAUDCHF is in a bearish trend on the 4H and without support.
We can expect it to fall further below.
Place your SL anywhere near the last high and TP levels as shown on the chart.
Trade safe.
AUCHF potential shortAUD/CHF
A reliable pattern has occured on AUD/CHF. Like always WAIT till trade comes to you.
On this pair you will have 2 targets. Keep the risk small and run run 2 positions. The R/R are very positive.
Enjoy
There is no Plan B with this trade. Only 1 plan, if hit Stoploss, the loss will be very small.
This trade will occur, after rollover, due negative swap level and participants want a better price to sell this pair.
AUDCHF 4k-5k pipsWith AUD reaching ultimate low around Feb 22, I predict we may manage to collect 4k or 5k pips before that day.
Be aware it may pull back a 100 pips first. Happy trading!
