Audchfshort
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastics (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CHF eyes 110-EMA, stay short on upticksThe pair has failed to extend break above 200-DMA, slips lower with a spinning top formation at highs.
Risk-off action on the Asian equities and a non-eventful RBA minutes keep the Aussie on the backfoot.
Technical indicators have turned bearish. Stochs and RSI have rolled over from overbought levels and are biased lower.
MACD is showing a bearish crossover on signal line and we also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 0.7198 (110-EMA), 0.7138 (cloud top)
Resistance levels - 0.7278 (5-DMA), 0.7294 (200-DMA), 0.73
Good to stay short on upticks, SL: 0.7280, TP: 0.72/ 0.7140
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF (1D): Strong Rejections for a Sell AUDCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish Engulfing Candle (Daily)
- Stochastics Overbought Condition (1D)
- Rejection of 50% Fibo line
- Rejection of Horizontal Trendline (since Feb 2018)
- Price action reversed against Resistance of the Parallel Channel
- Fundamentally, AUD is pressured downwards with the growth concerns lingering around China and trade war issues not resolved. The CHF will most likely continue to act as a safe haven pair if market volatility remains.
Suggested Trade:
Entry @ Area of Interest 0.7245 - 0.7330
SL: 0.7367
TP: 0.7057
RR: Approx. 2.04 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7217 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7315 (horizontal overlap resistance, 61.8%, 76.4%, 50% Fibonacci retracement).
Stochastics (34,5,3) is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF instant SELL signal at 0.72650AUDCHF instant SELL signal at 0.72650
Stop loss at: 0.73300
TP1: 0.72356
TP2: 0.72105
TP3: 0.71676
Feel free to follow or comment.
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHFi’m stalking this pair for a sell.
My bias is sell due to fail break and strong seller kicks in after.
Again, see how we go on Monday.
AUDCHF - SELLLLL - DONT SAY I DIDN'T TELL YOUAUDCHF has retraced well enough now.
Also Stoch RSI is in overbought. i am expecting
this drop down
See previous analysis
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Bear Harami at resistanceBearish pattern occurred at an important resistance level - horizontal trendline and Kumo cloud.
AUDCHF, H1 bearish butterfly Bearish pattern confirmed
Action: Sell
Tp1: 0.7105
Tp2: 0.7076
SL: 0.7146
Wait for the right price action as entry key.
AUDCHF - SELL 4 COMING WEEKAUDCHF has retraced to Fibonacci retracement
level of 0.236.
Also Stoch RSI has made a timely reversal.
See previous analysis
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AUDCHF weekly time frame respected for further downside* Initial weekly analysis here, please see comment update for the daily time frame
* Weekly price is held resisted
* Current dominant bearish bar points to a clearer downtrend direction
AUDCHF continues bearish against resistanceI wouldn't call the full bar one day ago a doji because its not a huge indecision, but the indecision is most certainly present. Originally I wanted to see if this trade will hold up against the resistance level and it continues to look like so. However, we see a bearish dominance in the most recent bar session. I'm taking an early short position in order to maximize R:R.
AUDCHF SHARK PATTERNThere's a possibility of Shark formation. The transaction should not be opened before the formation is completed.We're in pursuit. The goals are indicated on the chart.
AUDCHF- ALL ABOARD THE SELL TRAINplease like, follow and comment :)
see previous analysis - de ja vu :)
AUDCHF bearish bar dominant on daily outlookSimilar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller reward to risk ratio. Nevertheless, profit target has not been set and stop loss will be tightened up as this pair continues lower.
~Financial Gambler, or at least that's what they call us retail traders
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
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see previous chats especially the weekly one too
AUDCHF 08.10.18i am looking it as a sell which is best one accordingly news event because according to news usd cad and jpy bank holiday today so that's why i don't wanna trade their related pair.
TRADE SHEET DATA:-
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