This trade could be a nice one to the downside, from just all the price action it has left us. I'm pretty confident we can score some profit on this one.
CHFAUD is approaching our first resistance at 1.3412 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where it could potentially drop to our major support at 1.3204 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching our major resistance where a reaction off this level might...
CHFAUD is approaching our first resistance at 1.3412 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3204 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching our major resistance...
CHFAUD is approaching our first support at 1.3204 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3412 (horizontal overlap resistance, 78.6% Fibonacci retracement). RSI (55) is also seeing a bullish divergence and we might see a corresponding rise in price....
CHFAUD is approaching resistance at 1.3418 (78.6% Fibonacci retracement, horizontal overlap resistance) where price could potentially reverse and fall to its support at 1.3295 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching resistance at 95% where a corresponding reaction could occur.
CHFAUD broke out of our first support-turned-resistance at 1.3340 (horizontal pullback resistance) and short term ascending support-turned-resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.3216 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure, in line with our...
CHFAUD is approaching our first support at 1.3341 (horizontal overlap support, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3403 (horizontal overlap resistance, 50% Fibonacci retracement. Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support where a...
CHFAUD is approaching our first resistance at 1.3468 (horizonal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.3339 (horizontal swing low support, 50% Fibonacci retracement)....
CHFAUD is approaching our first support at 1.3304 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3601 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching our major support and is...
CHFAUD is approaching our first support at 1.3312 (horizontal overlap support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3480 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major support and a bounce...
CHFAUD is approaching our first support at 1.3510 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 1.368 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also...
(important) a trade consist of : (sl, entry, signel, and exit points) - the trade with its contents must be a function of the trade-chart zoom level.(!important) - a trade exist within a pattern... a trade is a function of its pattern. - a pattern is a function of (is dependent on) a zoom level (exist within a zoom level) - let me clarify this: if u spot a...
Hi boys! Aud chf looks like it will continue upwards to double top on the daily. We have a perfect elliot so far. Wave 3 was a perfect 1.618 of the first wave. Wave 5 will be just as long as the first wave, so I am expecting a double top before it dips again. Conversion line crossing base line signaling further upside and this thing broke the cloud on most...
Long AUDCHF @ 0.7410, TP 0.75613; kindly let me know what you think