#AUDCHF Signal+AnalysisThere is serious support right now We have been supporting this already 4 times and the price has not been able to break, Our recommendation is not to predict the next big step but simply to take advantage of the automatic increase that was due to a meeting with the support
Buy AUDCHF
Stop Loss: 0.7075
Take Profit: 0.7115
Audchfsignal
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.
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.
AUD/CHF 4H Chart: Narrow channel likely to prevailThe dominant pattern that has guided the AUD/CHF exchange rate for the last one year is a descending channel pattern. As apparent on the chart, the pair reversed from its upper boundary on December 3 and has since traded in a narrow channel down.
The Aussie is currently stranded between two important support and resistance areas. The pressure from both sides could force the pair to consolidate in a narrow range between their bounds.
If looking into the shorter term, a test of the bottom border of the narrow down channel at 0.6815.
AUDCHF : 1D : Bulls are Back !!!FX:AUDCHF was taking a beating for last 20 trading days. Now the bears are done with it. Bulls are overtaking Bears and it is visible with bullish price action of the AUDCHF. The RSI crossover on the MA is good signal to suggest we are entering a Bull run.
E : Below 0.7350
SL : 0.7280
TP : 0.7450