Currently watching AUD/CHF as I expect a downward move to break a multiple time tested trend line and 200 EMA. Price is forming an ascending wedge (bearish reversal pattern), MACD showing bearish divergence. Still early to enter short, I will wait a break and retest of trend line and 200 EMA.
It is in a tight range of resistance 0.76 and support at 0.74. You may trade the range between these 2 zone, alternative, a break of any side would give me a bias of the direction. Key Resistance - 0.76 Key Support - 0.74
Bearish RT back to 0.741 and with mtm candle will take a short trade. Key Resistance - 0.741 Key Support - 0.724 - 0.72
Bullish, Trench analysis - Bullish However, PA is not on our side, lets see if 0.74250 zone could hold the price with a nice momentum candle. else, I would trade the retrace back and short it down. Key Resistance - 0.76 Key Support - 0.74250 - 0.72680 - 0.715
Hello traders, good opportunity to enter short on AUD/CHF: - failed to break out in mid-October - failed a second time in early November - current deceleration + pin bar rejecting 0.7550 - bearish MACD divergence
The bull flag pattern is found within an uptrend. The bull flag is a continuation pattern which only slightly retraces the advance preceding it.The technical buy point is when price penetrates the upper trend line of the flag area.
Bullish. We have our short position closed. Looking at the bigger structure, It is in a nice uptrend. Now price is at the buy zone and today close would qualify for a good LRE buy trade. Key Resistance - 0.76250 Key Support - 74300
Bearish I am up about 50 pips from this trade. Expecting it to go lower to the 0.745 trench,, that will be my area of interest to close or to stack on more trades. Key Resistance - 0.76 Key Support - 0.745
AUD / CHF back again on dynamic resistance. We have seen currency pair bounced inside the channel for nearly two months. Monitor closely the price movements in the 0.7630 to 0.7680 area. A new bounce or overcoming this could be good opportunities to invest in the pair.
this what i think, we are expecting a butterfly pattern, and we are in the C so we gonna sell now till we reach D to take it back :D it's just idea it may right and maybe wrong however , Do your best u gonna gain the best :P wish u all the best
After reaching a new high yesterday there is a higher expectancy of a further rise of aud against chf