Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
On AUDCHF we have further confirmations of bearish movement. 1. On 4H timeframe we have a break and retest of the neckline of a large head and shoulders pattern. 2. We have a clear descending channel after the break of the large head and shoulders pattern. 2. On 30M timeframe we have a smaller head and shoulders formed at the upper resistance that also shows a...
On AUDCHF we see a nicely formed Head and Shoulders pattern. The neckline has already been broken and retested. I expect further downward movement from this point. Looking left we see AUDCHF is already trending down, so we will follow the trend.
All the required information is on the chart. Best, Hannibal
Hi Traders, The 4-hour chart of AUDCHF showed a reversal from a key resistance level and a broken H&S neckline. . As shown, the breakout impulse can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v (blue). . 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...
Hi All , I'm Opening a long position from here . Price has been trading inside the uptrend rectangle in a range . Tp1 top of the box . SL to Entry when price move in our direction . Please note we have the china news at 1:45am tonight . My contents are 100% free . Please donate ; For Donations paypal.me/chartbychart. I appreciate your donations. You...
The AUDCHF pair is trading in the upper range of a falling channel and has formed an SHS pattern as described in one of our previous analysis (idea attached below.) While the first attempt to break below the pattern failed, now we have a secon right shoulder that shows a strong selling momentum and may have enough power to break below the neckline. Join our...
This is my First trade of the week . Using the triangle . I expect a breakout to the upside.
Testimony and trade During the upcoming trading week traders and investors look to Federal Reserve Chair Jerome Powell testimony and US trade negotiations for direction. Fed Chairman Jerome Powell will appear before US Congress on Tuesday and Wednesday to discuss the economy and US monetary policy, markets will be focused on his latest thoughts on US interest...
AUD/CHF formed an interesting SHS pattern and broke below the neckline. The right shoulder retraced at 61.8% of the previous impulse move, while the head represents the high of a price correction that retraced at 78.6% of the previous larger impulse move. The pair is trading in an overall downtrend and in the upper half of the channel, which also signals the...
false bearish breakout of the trendline is leading the price over the trendline again , anticipating the big move with a little retest of the trendline that will be followed by a strong bullish movement . let me know if you hopping on this trade , cheers!
AUDCHF is approaching our first resistance at 0.7186 (Horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7160 (Horizontal swing low support, 38.2% Fiboancci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a...
AUDCHF is approaching our first resistance at 0.7191(61.8% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.7074 (61.8% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing low support ). Stochastic (55,5,3) is also approaching resistance and we might...
AUDCHF is approaching its support at 0.7146 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7179 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 1.8% where a corresponding bounce could occur.
AUDCHF is approaching our first resistance at 0.71850 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7145 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in...
AUDCHF HAS BROKEN SUPPORT, WAIT FOR SIGNAL TO SHORT CONTACT ME FOR YOUR MENTORSHIP, FREE SIGNALS, AND ACCOUNT MANAGEMENT!
AUDCHF is approaching our first resistance at 0.7191 (horizontal pullback resistance, 61.8% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.7149 (38.2% Fibonacci extension, horizontal swing low support). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it...