Audchfforecast
Don't be surprised if AUDCHF continues lower. here's my take. AUDCHF is in a downtrend. we have a descending triangle on the hourly chart. if this triangle breaks to the downside, it'll be a confirmation that the trend will continue. However, if you're looking to long then the bottom of the triangle with a stop loss below is where your entry should be. I'm watching this pair with a neutral sense as I type. let's see where it'll head from here.
Trading Pathways Analysis of AUDCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at the exact turning points where AUDCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
AUDCHF - LONG AUDCHF seems to give a reversal signal regarding the RSI and price pattern.
In my point of view, AUDCHF is still considered as a downtrend, thus trading opposite the trend should be done in a short period of time, "Hit and Run".
Reward/Risk is about 1.5, which is still convincing.
!**Disclaimer**! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
AUDCHF selling opportunity in Day chartAUDCHF
AUDCHF
pair just breakout the trend line and fall back below 100 Exponential moving average.
We can expect the fall back towards 0.67150 which is 50% Fibonacci level.
From this level we may open short positions and the potential take profit will be 0.65000 which is 2019 August month low.
And its a major psychological level.
Stop lose may placed above the 0.68200 level
AUDCHF potential reversal!
AUDCHF expected to rise up to 1st resistance at 0.67866 where it could potentially react off and drop down to 0.67516.
*Disclaimer.*
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