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Audchfshort

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
Short
by Mankz
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
Short
by Tickmill
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.
Short
by easyMarkets
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
Short
by Tickmill
1
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
Short
by Tickmill
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.
Short
by easyMarkets
AUD/CHF eyes 110-EMA, stay short on upticksThe pair has failed to extend break above 200-DMA, slips lower with a spinning top formation at highs. Risk-off action on the Asian equities and a non-eventful RBA minutes keep the Aussie on the backfoot. Technical indicators have turned bearish. Stochs and RSI have rolled over from overbought levels and are biased lower. MACD is showing a bearish crossover on signal line and we also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias. Support levels - 0.7198 (110-EMA), 0.7138 (cloud top) Resistance levels - 0.7278 (5-DMA), 0.7294 (200-DMA), 0.73 Good to stay short on upticks, SL: 0.7280, TP: 0.72/ 0.7140
Short
by FxWirePro
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is approaching support and we might see a corresponding rise 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.
Long
by Tickmill
1
AUDCHF (1D): Strong Rejections for a Sell AUDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish Engulfing Candle (Daily) - Stochastics Overbought Condition (1D) - Rejection of 50% Fibo line - Rejection of Horizontal Trendline (since Feb 2018) - Price action reversed against Resistance of the Parallel Channel - Fundamentally, AUD is pressured downwards with the growth concerns lingering around China and trade war issues not resolved. The CHF will most likely continue to act as a safe haven pair if market volatility remains. Suggested Trade: Entry @ Area of Interest 0.7245 - 0.7330 SL: 0.7367 TP: 0.7057 RR: Approx. 2.04 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst