not much to talk about just trade and use the right risk management and risk reward.
The Australian Dollar is trading against the Swiss Franc simultaneously in two ascending channel patterns. One of them is a dominant one, while the second one represents a rebound in the borders of the larger pattern. Recently the pair revealed junior pattern after a bounce off from the resistance near the 0.7720 mark. It has to be mentioned that the junior...
Since last month's candle was a bear candle, I am looking for bear moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per...
Moving into the upper band of the range movement that is happening for weeks. Do not expect much gains from it until a clear winner from the range. Till then, we can trade the bounce from a resistance to a support. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a...
Seems like a big drop is coming. Will be looking out for more bear candle to ride on the down move. do note that swap fee could be costly. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However,...
The Australian Dollar recently marked another bounce off from the resistance of the 2017 high level against the Swiss Franc. As a result a medium scale channel pattern has formed. The descending channel managed to break through the support of the previously active large scale pattern. Most recently the Aussie made attempts to regain its losses. However, the...
AUDCHF has formed a significant bearish engulfing on the daily time frame at a very strong support level. A very strong upper Bollinger Band outbreak indicates that the uptrend was over-extended. Clear RSI divergence indicates that the uptrend became very weak and is due for a reversal to the downside. I have entered at the open of the 9/22 daily candlestick after...
The Australian Dollar has slightly appreciated against the Swiss Franc during the past month. This movement, in the result of which a short-term channel up was formed, is the last wave up of a senior ascending channel. On September 20, the pair reached a long-term resistance at 0.7790 valid since early 2015. The rate has since reached the lower channel boundary...
8/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA. I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA, then candle close above 3 SMMA). This is a day trading technique and I will not...
Monthly candle analysis suggests that AUDCHF may make a move higher. I'll wait for this pair to give me a bullish signal on the daily time frame. Once I get the signal I will try to make entry during London.
Hi boys. I'm short on Aussie swiss franc. Chart is pretty self explanatory. Lower lows, separation of conversion from base line, broken trend line, broken flag, broke the cloud. Minimum 3 waves down for me. TP at the Fib extensions 1.618 and 2.618.
Hi traders: On AUDCHF, we can see the price action hit the daily resistance of 0.7735, and broke down the support trend line on the 4 chart. Waiting for a pullback to form a lower high is a good idea to short to the daily 61.80%. Thank you for your support and feedback. JoJo
AUD/CHF has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568. The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North Korea. Technically, we note a 'Bearish Bat Pattern' on AUD/CHF daily charts which combined with bearish divergence has seen downside. We see scope for further...
Price making higher highs & higher lows, CHF having weaker momentum as well. Last week price consolidated... Solid setup here, lets see if we can get a break to the upside this week! Trade with care!