Audchfshort
AUD/CHF - Losing health and momentumBuyers tried to break 0.618 Fib. (H4 chart) but failed 2 times.
Trend was on a good run but buyers are losing health and momentum.
We can see lower highs and lower lows forming.
MACD and RSI are in higher levels indicating there's a lot of room
to close long positions.
Let me know what you guys think, this is my first analysis :)
AUDCHF Short SetupNote
-AUDCHF showing signs of reversal after buyers pushed price up into resistance but sellers pushed down and engulfed the whole 4H bullish candle.
-This price action resulted in a 4H bearish engulfing AT RESISTANCE which is a bearish sign meaning sellers may be stepping in the market.
-We retested the engulfing (breakout on lower time frames) and rejected higher price again confirming bearish momentum.
Entry
-0.71 or above
Stops and Targets
-Set stop above the high of the reversal candle with some buffer
(SL: 0.7132)
-Set target 2 times your stop depending on entry
(TP: 0.708 to 0.7035)
*Always practice good risk management by risking a maximum of 1% to 2% of your capital on any given trade
AUDCHF approaching resistance, potential bounce! AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce 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 Testing Resistance, Potential ReversalAUDCHF is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and seeing a bearish divergence 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 approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance , 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6952 (horizontal pullback support , 38.2% fibonacci retracement).
Stochastic (34,5,3) 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
NZDUSD Approaching Resistance, Potential ReversalAUDCHF is approaching its resistance at 0.7033 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap resistance) where it is expected to reverse down to its support at 0.6891 (38.2% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
AUDCHF Testing Support, Potential BounceAUDCHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
AUDCHF is in bearish modeRespected followers, AUDCHF is comes into bearish mode. As we can see that AUDCHF clearly rejected it's very long term trend line, which indicate of strong selling pressure.
AUDCHF Approaching Support, Potential BounceAUDCHF is approaching its support at 0.7197(100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7263 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
AUDCHF - UPDATE FOR NEXT COUPLE OF DAYSAUDCHF looking good. Expecting this to move up soon.
before it goes back down
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
AUDCHF, Bearish Bat Pattern, short?Bat 886 and Trend Line coming to same point.
Waiting for short entry,
-DYOR
-YTD
Good Luck,
-YusufDeli
AUDCHF Possible Bearish Bat PatternThere is a possible Bearish Bat Pattern. Stop-Loss and Take Profit levels are specified on the chart.
AUDCHF, Bearish Engulfing Bar on the Weekly ChartPrice has reached 61% fibo level, but failed to stay above it. The pair formed bearish engulfing bar on the weekly chart and now it is below an important horizontal resistance. You can short AUDCHF if it drops below the ascending trendline.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence 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 resistance, potential drop!AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastics (34,5,3) is also approaching resistance and 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.
