On the H4 chart, we can see a bearish pennant forming. A bearish pennant is a bearish continuation pattern. Before entering a short position, I will wait for confirmation by a break in the support trend line. I will also be checking the indicators for cross overs (RVI, and MACD) to show signs of a bearish move and potential overbought regions of the RSI. I am...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Trade Setup summary: Profit targets=1160 pip (75 + 155 + 250 + 305 + 375) Stop Loss =450 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 424 pip Closed trade(s): 72 pip Profit Open trade(s): 352 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 0.6655...
Trade Setup summary: Profit targets=1160 pip (75 + 155 + 250 + 305 + 375) Stop Loss =450 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 424 pip Closed trade(s): 72 pip Profit Open trade(s): 352 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 0.6655...
AUDCHF rejected from 78.6% Fibonacci level at 0.6707 Price formed bearish harmonic pattern AB =CD MACD shows weakness in bullish momentum RSI rebounded after reaching overbought region It's expected for coming correction to target HVN at level 0.6540
Main items we can see on the chart a) The price has broken an ascending trendline b) After the breakout, we can see a corrective structure (purple channel) c) Inside the purple channel, we can see the price above an inner support resistance zone d) There we can see a corrective Structure, Our expectation is that, if the price breaks above the...
Midterm forecast: . While the price is above the support 0.6435, resumption of uptrend is expected. . We make sure when the resistance at 0.6815 breaks. . If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will...
Midterm forecast: . While the price is above the support 0.6435, resumption of uptrend is expected. . We make sure when the resistance at 0.6815 breaks. . If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will...
Midterm forecast: . While the price is above the support 0.6435, resumption of uptrend is expected. . We make sure when the resistance at 0.6815 breaks. . If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.658). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.658). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
The market after a continuous move up retrace till the 0.382 fib level of the previous leg and move in a consolidation side range for fre days. Now the price seem to push up and IF the market will clearly break above the blue structure at the retest of it we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the...
AUDCHF respects major uptrendline Price is based above HVN at level 0.6544 which indicates that pair is in accumulation phase MACD shows start of bullish momentum RSI is above level 50 we r waiting price exceeding next resistance level at 0.6557 to open long trade It's expected to first target key level at 0.6605 then finally target supply zone at level 0.6735
Welcome to our weekly trade setup ( AUDCHF )! - 1 HOUR Bearish price action after taking out previous highs. 4 HOUR Sideways market structure at its top, expecting a reverse shortly! DAILY Overall good short entries, prices too high. - FOREX SWING SELL AUDCHF ENTRY LEVEL @ 0.65380 SL @ 0.65650 TP @ 0.64950 Max Risk. 0.5% - 1%! (Remember to add a few pips to...
Potential buy setup on AUDCHF if price closes above the VWAP. Looking for H1 weakness on CHF to continue and H1 Strength on AUD to continue. very short term setup Big Picture View Strong: AUD & CHF Weak: N/A This trade is valid until 2020/07/08 @ 4 pm BST. Follow me on Tradingview or DM in the chat. Don't forget to hit the like button 🐉 HAPPY TRADING 🐉