Prices are on bullish momentum. We see the potential for a bounce from our buy entry at 0.6588 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.66376 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by Golden Cross MA Cross 50 & 200 and RSI close to levels where bounces occurred...
Price broke out of the descending trendline resistance, signifying a bullish momentum. We can expect price to bounce at the pivot level in line with 38.2% Fibonacci retracement towards take profit level in line with 100% Fibonacci projection and previous swing high. Our bullish bias is further supported by the RSI indicator where it is abiding to the ascending...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6626). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6626). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
AUDCHF Ascending Triangle On The 2H Time Frame.
AUDCHF on the daily chart after the attempt to break the weekly structure is now testing it again. According to Plancton's strategy IF the market will break below and satisfy the ACADEMY conditions we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
We are in a downward channel that we have now reached the top of the channel and we expect more decline.It seems that with the symmetrical triangle broken, we should see the Australian dollar down in the coming days. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter. Traders, if you like this idea or have your...
H4 time frame. Structure: Downtrend. A divergence signal with the MACD and a double top reversal pattern appeared. Waiting for price to break Key level at 0.65300 and confirm retest signal, you can find selling opportunities. Profit target is 0.64000 price area. ----------------------------------------------------------------------------------------------- Wish...
Price is abiding to the triangle formation, price tried to breakout of the descending trendline resistance once but failed to do so. We can expect price to drop from further from the pivot level in line with 61.8% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement and 161.8% Fibonacci...
Price is abiding to the triangle formation, price tried to breakout of the descending trendline resistance once but failed to do so. We can expect price to drop from further from the pivot level in line with 61.8% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement and 161.8% Fibonacci...
Long as per levels shown...RRR 1:1 for tgt 1....maintain strict SL
FX:AUDCHF The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
Go long above high of prev candle....TGT as shown...RRR 1:1
Price is abiding by the descending trendline and near sell entry price of 0.66194 which is also 50% Fibonacci retracement and 161.8% Fibonacci projection . Price can potentially dip to the take profit level of 0.64117 which is also the graphical swing low level. Our bearish bias is supported by the stochastic indicator as it is near resistance level . Any...
Long entry now....SL and tgts marked...RRR 1:1 AND 1:2...Bounce back from 34 EMA
H4 time frame. Structure: Strong downtrend. Currently, the price has an upward move towards the 0.67000 resistance zone. This is the confluence between the resistance, the trendline, and the 50% Fibonacci zone of the current downtrend. Waiting for a bearish reversal pattern to form here, a buying opportunity can be found. Profit target is 0.63000 price...
Price is abiding to a descending trendline resistance, signifying an overall bearish momentum. However, we can expect price to make a short-term bullish bounce from the pivot level in line with graphical overlap support on the daily and 100% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement and 161.8% Fibonacci projection ....