A potential short opportunity on AudChf. Price has been sold off on the Daily time frame and hitting the next key support zone. What I will be looking for is some deceleration and slow down on the Daily chart along with the 4 hour. I would like to see a double bottom pattern form on the 4 hour chart for conformation of a reversal, along with a break and re-test of...
AUDCHF is approaching its support at 0.6878 (100% Fibonacci extension , horizontal swing low support) where it could potentially bounce to its resistance at 0.7001 (23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 1.3% where a potential bounce could occur.
AUDCHF is approaching its support at 0.6882 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 0.7041 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a potential bounce could occur.
AUDCHF is approaching its support at 0.6983 (78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7106 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF is approaching its support at (61.8% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce to its resistance at 0.7088 (23.6% Fibonacci retracement , horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF is approaching its support at (61.8% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce to its resistance at 0.7102 (23.6% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF is approaching its support at 0.7100 (50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7193 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDCHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
Broke through thread line and now re-tests it. Resistance at price.....Possible short.
We have an obvious break and retest of structure. Sell 3.7 Max Reward
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the continuation pattern and watch strong price action for sell.
AUDCHF is approaching its support at 0.7197(100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7263 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
Gold is seen to be trading around $1238/39 levels at this moment in writing, pretty close to hitting the first soft target at $1246 levels at least. The wave structure remains intact with Wave C progressing well towards $1250/70 levels respectively. Please note that Gold has taken out its first resistance at $1236 levels and could retrace lower a bit before...
The Dow Jones Industrial average rose up to 26000 levels yesterday, before reversing lower. The indice is seen to be trading at 25830 levels at this point in writing (spot) and it might have topped out yesterday. Looking into the wave structure, Wave (2) of higher degree is being worked out as a potential flat or triangle. We had discussed earlier that if prices...
On a large scale, we see bearish momentum on AUD/CHF We recently broke downwards, and we are close to finishing the retest of structure. So I am looking for further downward movement
PA was less than 10 pips from projected point D, retraced a little but last 2 bars are going up. Is a small one, but small things are the start of the great ones! My numbers look like: Entry: 0.73222 SL: 0.7345 TP1: 0.72624 (.386AD 2.64 RR) TP2: 0.72440 (.500AD 3.44 RR) TP3: 0.72255 (.618AD 4.26 RR) Bats are the best RR Patterns! Lets hope it completes and...
AUDCHF is approaching its resistance at 0.73340 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7168 (100% Fibonacci extension, 38.2% Fibonacci retracement , horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.