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AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready. The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy. Trade idea - waiting for possible...
Hi all, Expecting at least a 50% retracement as a wave 4 correction of the intermediate e.w. count - labelled as "(letter)". However taking into account the larger surrounding context of this structure formation, we're in a potential reversal zone as per the cypher harmonic termination as well as the several resistance indicators all of which are conspiring for...
The top of the trend channel meets up with the .382 fib on the larger downtrend. Was waiting for conformation that the resistance doesn't break which we got with a new high at 0.715.
with the pair breaching the previous weekly structure and now consolidating in a 4 hr channel provides an excellent opportunity to short the breakout which would come pretty soon, although the initial target aimed here is lower the downside breakout will have the potential for a much larger move later on.
Here is another setup to enter short for those who are not already short in the earlier setup, once the price breaks below the corrective structure. Downside potential in this pair is huge.
Entry: 0.699 SL: 0.696 Target: 0.711
Short term trade opportunity. Likely to bounce off resistance here and snap reversal. Trade as posted gives better than 2.5:1 Risk/Reward
Bearish 2 Bar Reversal expect price to go down to .7080 Pure Price Action Just Key Horizontal Levels Keep it stupid simple.
there is a big trendline which can clearly see in weekly tf and indicates that downtrend still be a ruler. as you can see, the price dropped down and went back to test this key resistance and got rejected beautifully,for this reason it has high probability that the price is going to drop to next level very soon. also this trade has good reward/risk, its worth...
previously ive posted a weekly chart (which i invite you to see) of audchf, with the idea of a corrective move up, after a big decline. So i went long on the 0.5 fib llevel of the first move up (wave A) , you can see also divergence in rs, this could be a good entry point. Thank you for reading Have a nice day.
Hello everyone, i will be posting here my ideas so i can keep track of them. Why i dont publish in private? Because i am open to any suggestion, so if anyone has something to tell me i will be glad to ready what he or she has to tell me! audchf possible moves to come. Here i draw a scheme of price with arrows to make the movements clear (at first it might look...
Friends, With recent news of $GLD from Stan Druckenmiller positioning, I decided to pass the ETF through the Predictive/Forecasting Model and other technical screening combs: PREDICTIVE/FORECASTING MODEL: The "Model" suggests a higher-probability decline with the following targets: 1 - TG-Lo = 97.65 - 17 AUG 2015 and 2 - TG-Lox = 86.37 - 17 AUG...
The pair has broken out its range + channel. Confluences: 1/ Downtrend 2/ Retest of 0.71 ( support turned into resistance ) 3/ Retest of the broken channel 4/ Long legged doji, can also be looked at as a high test
Long opportunity on AUDCHF Reasons for entry - Price finding resistance on trendline - Bullish candle - Mini-uptrend (as the dominant trend is still down, move stop to breakeven quickly) - Good R:R ratio Exit Strategy - Stop 0.7175 - Profit 0.7255 - 3:1 Reward: Risk Let me know what you think.