Audchfsell
AUDCHF SHORT coming this has hit the 0.618 fib retracement
personally will watch this closely as
it might retrace to about 0.382. i am
expecting this to drop. once it breaks
the blue line, should hit the 1.618 fib
extension
like, follow and comment :)
see previous chats especially the weekly one too
AUDCHF ShortWaiting for the bounce before the possible bearish slide of this pair if not by Friday, by next week, based on price action from the weekly chart as well as the bearish effect on most AUD pairs in general due to recent USD strength from rising US yields and general hawkishness of the Fed. Setting up sell stop order @0.74069 with TP near the weekly trendline support @0.731 and SL just a few pips above this week's resistance @0.746.
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Daily:
Weekly:
Confidence: B (risk of getting whipsawed, better to enter this trade after Personal Consumption & GDP news on Friday)
Short AUDCHF Based on 4H, Daily + Weekly ChartsSorry I've not been so active recently, been away for a week.
AUDCHF recently broke out from a strong downtrend and found resistance at the 38.2% fib level. Today the daily candle did retest this level and will be closing strongly below. We have the opportunity to short this pair and I will be watching closely on lower TF's before opening a sell order.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
CHF With Strong Consumer PriceAUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying volume. I trust this one to fall today or tomorrow. Because of the short distance to the next support level, I would not go in with a huge position, but rather with a minor to small amount.
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated.
In recent times, the price is trading in a downward channel.
The price is approaching the resistance zone and the upper side of the downward trendline.
We see the recent candlestick as a bearish pin bar.
If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good.
Trade safely with proper risk management :)