AUDCHF Bearish Crab and Potential Short OpportunityAs described in the chart.
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Audchfshort
AUD/CHF short setupAUD/CHF slips lower below 5-DMA support at 0.7442, currently trades at 0.7425, intraday bias lower.
SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus.
Renewed concerns over a global trade war lending some support the Swiss Franc's safe-haven appeal.
Technical studies are turning slightly bearish. Stochs are on the verge of a rollover from overbought levels.
Upside remains capped below 50-DMA and daily cloud also weighs on the upside.
We evidence bearish divergence from price action on RSI and Stochs which adds to bearish bias.
Price has slipped below hourly cloud and is on track to test 200-SMA at 0.7395. Violation there could see further weakness.
Support levels - 0.7395 (1H 200-SMA), 0.7364 (20-DMA), 0.7334 (61.8% Fib retrace of 0.7242 to 0.7483 rally)
Resistance levels - 0.7442 (1H 55-EMA & 5-DMA), 0.7467 (50-DMA), 0.75
Good to go short on rallies around 0.7425/35, SL: 0.7470, TP: 0.7395/ 0.7365/ 0.7335
AUDCHF weekly is hanging out of a major long term trendlineAUDCHF weakness is bound to come into play on a 4HR slow rising channel incinuationg that buyers are weaker and bears may move the trend lover
Rising wedge/ascending triangle breaking bullish trendlineFX_IDC:AUDCHF
Rising wedge from late 2015 till date (start 2018).
Price behaviors noted:
1) constantly made higher highs, and higher lows
2) price has respected the support with minimally 3 decent touches
3) similar findings for the resistance, which was initially an increasing resistance, turned into a flat resistance - respecting a longer term S/R
Reasons to look to/take a short:
1) the break occured towards the last 1/3 of the triangle, meaning price has been in the formation for a considerable amount of time (compared to a break at the middle of the triangle)
2) risk-reward opportunities surpasses > 1.20, if stop-loss is placed just below 0.78 and a 0.65 target
3) general price direction, from mid 2012 till date, is bearish. A short constitutes a position with the longer term trend.
*This is my first attempt to contribute to the tradingview community. All suggestions/feedback welcome!
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iskfx
AUD/CHF short trade ideaUpside for now remains capped at 0.74 handle and we see breakout there to see further gains.
On the flipside, the pair is trading below all major moving EMAs.
Break below 0.73 handle will see resumption of weakness.
We then see scope then for test of 0.7220 (88.6% Fib).
Support levels - 0.73 (psychological level), 0.7285 (78.6% Fib retrace of 0.7146 to 0.78 rally), 0.7220 (88.6% Fib)
Resistance levels - 0.7384 (5-DMA), 0.74 (psychological level), 0.7480 (1H 200-SMA)
Good to go short around 0.7370, SL: 0.7425, TP: 0.73/ 0.7285/ 0.7220
AUD/CHF Ichimoku Bearish Trade IdeaThis pair has tried rising and has failed to make it to support. As long as our bearish confirmations hold, I will be looking for a sell entry. I am watching for a break below our current candle targeting close to the low of the long bearish wick we saw last week. If any of our bearish confirmations change, this trade may become invalidated.
AUDCHF, Elliott Analysis. 60 Previous analysis is still valid.
Trend in higher time frames, is ascending.
But you can take a scalp.
AUDCHF Short Bat pattern @ 0.74936Nice shorting opportunity here on the 15min time frame.
Better than 1:1 R/R on TP #1
Entry zones starts @ 0.74936
Stop @ 0.75102
TP #1 @ 0.74755
TP #2 @ 0.74644
Extended Target @ 0.74500 area
AUDCHF Head and ShouldersPrice break neckline of head and shoulders pattern.
pullback to the structure will consider to short.
AUDCHF another downsideprice in the channel. we can aim one more downside. as price complete bat pattern
Short opportunity on AUD/CHFHere i see a shorting opportunity on the AUD/CHF. I expect gains on the CHF pair overall for the day and to end the week so expect major movement on the CHF crosses
AUDCHF Possible movementafter strong downside move, we expect some pullback or any flag to short again
AUD/CHF Daily Update (19/10/17)Moving into the upper band of the range movement that is happening for weeks.
Do not expect much gains from it until a clear winner from the range.
Till then, we can trade the bounce from a resistance to a support.
Disclaimer :
This analysis does not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
AUD/CHF Daily Update (23/10/17)Seems like a big drop is coming.
Will be looking out for more bear candle to ride on the down move.
do note that swap fee could be costly.
Disclaimer :
This analysis does not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
