Audchfshort
AUD/CHF SHORT ANALYSIS daily double top area with previous candle showing low momentum (possible downside movement)
4hr ascending channel approach to the double top area with a clean 123 touch
1hr shows a mini double top within the pattern indicating a move to the downside after the first impulse had moved back to the top, anticipating a solid push down below the strucutre and a flag for continuation to enter
AUDCHF short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUDCHF short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDCHF ShortUp trend breaks ,no more creation of higher highs , now we can see head and shoulders pattern forming and start of down trend.
Also supporting this idea is AUD being weak today and CHF being strong refereed to as currency strength.
When prices reaches TP1 we can put our SL at entry,
Good luck following this Idea :)
AUDCHF Channel Break , UpdateHello Fellow Traders, Here is a Full Analysis on AUDCHF.
i have linked my Previous AUDCHF Analysis for you review down Below :)
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below ( Like , Comment , Follow & share )
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education