That break will be confirmed if the pullback stops on the 50-61,8% fibonacci. Then, short opportunity will appear.
AUDCHF has completed a Bearish Bat pattern on the 1H timeframe. RSI recently over-bought. I will enter upon the close of a significant bearish Engulfing candle. SL set above previous highs. TP1 at 38.2%, TP2 set at 61.8% Fibonacci retracement level.
Safe and Successful Trading
AUDCHF has started forming a very strong reversal on the 4H timeframe near a VERY strong support level. RSI was recently over-bought. SL set above previous highs. TP1 set near previous lows.
AUD/CHF resumes upside, has failed to close below 50-DMA, currently at 0.7505, which is strong support on the downside. Intraday bias higher, the pair has broken above 20-DMA at 0.7540. Price action holds above daily cloud, RSI is above 50 levels and biased north, Stoch have bounced off from near oversold levels. We see scope for test of trendline resistance at...
Price rallyed nearly from the bottom of this 4h "range" almost to the top...now we also see a rsi divergence while price pushes higher i will look for an short entry after we close under the small trendline to ride it down to the bottom of this last swing low....i look for adding a position after breaking this area to the downside too
Cup and handle. Bullish par setup. Potential Target of 0.8 Strong Support - 0.75
On the M30 timeframe of AUDCHF double top patter was formed. The price has already crossed the Alligator lines and MA(50). Indicator oscillator AO is in a red zone which add strenght to this signal. Trade specification: Sell-Stop: 0.7547 Stop-Loss: 0.7587 Take-Profit: 0.7467
Bullish as long as 0.7482 holds. no tp set yet. shall trade and decide on tp again.
AUD/CHF fails to hold break below 200-DMA. The pair is on track to test 1H 100-SMA at 0.7414. Break above could see gains upto 20-DMA at 0.7506. Support levels - 0.7375 (200-DMA), 0.7370 (1H 20-SMA), 0.7342 (Sept 30 low), 0.7245 (trendline) Resistance levels - 0.7412 (5-DMA), 0.7414 (1H 100-SMA), 0.7462 (100-DMA), 0.75 (20-DMA) Good to go long on breakout...
AUD/CHF trades with a bearish bias. Momentum studies support downside. The pair has broken below major trendline support at 0.7460 and 100-DMA at 0.7464. Price holds above 0.74 handle which is minor support level. Break below finds next support at 0.7375 (200-DMA) and then 0.7280 levels. Support levels - 0.7402 (session low), 0.7375 (200-DMA), 0.7342 (Sept 30...
first target 0.71464 and second around 0.70312