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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Audchfshort
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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AUDCHF short on the hourly rejection candleI actually published a trade idea on this pair before, but off of the weekly time frame where the trade held resisted over on the weekly time time frame. However, I did want to scale into this trade as I was not able to catch this trade right at the weekly resistance. Seeing this hourly time frame, we can observe a rejection bar that signals this pair will most likely swing low once again.
AUDCHF Short Engulfing Candle - 12H ChartPrice in a downtrend. First target last swing low (about 1.5R). Second target: trailing stop
AUDCHF BUY TO SELLi am looking for an impulse move up to
around 0.71353 or just below. i would
enter the trade down for the sell
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AUDCHF Weekly Forex Forecast 23rd September To 28th SeptemberMidterm forecast:
0.7145 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.7145 is broken.
Technical analysis:
The RSI bounced from the support #1 at 25 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.
Audchf sell with bearish trend +Pin baraudchf sell setup with bearish trend and formed pin bar in d1 next target 0,68050
AUDCHF WEEK CHART FX:AUDCHF has just made an nice impulse down. i am now expecting a reversal before we see the final fall down. I personally wont trade this yest. will give it a few days (might even be a couple of weeks) and will post an update of my entry and exit.
thanks
AUDCHF / H4 / ROUNDING BOTTOMWe have a change in bias on AUDCHF. At TP1 close 50% of trade and move stop to entry.
Extended target is the next monthly support channel.
AUD/CHF closes below 61.8% Fib, bias bearish, tgt 78.6% FibAUD/CHF Bias Bearish
- Price has breached major trendline support at 0.70
- Momentum studies are highly bearish
- Bollinger Bands on weekly charts are widening
- MACD supports trend lower
Support levels - 0.6805 (78.6% Fib), 0.6752 (Feb 2016 low), 0.67
Resistance levels - 0.6964 (5-DMA), 0.70, 0.7108 (21-EMA)
Stay short on upticks, SL: 0.7108, TP: 0.68/ 0.6755
AUDCHF about to retest resistance with pullbackAUDCHF about to retest resistance with pullback
RSI overbought
Looking bearish
Love to hear your thoughts and ideas.
This is for my personal research
AUD/CHF eyes channel base at 0.71, stay short AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130.
Technical analysis supports bearish bias, we see scope for further weakness.
Upside remains capped at 5-DMA and major moving averages are sloping downward.
Momentum studies are highly bearish, RSI biased lower and below 50 levels.
Price is falling in a downward sloping channel and next major bear target lies at channel base at 0.71 levels.
On the flipside break above 5-DMA finds next major resistance at 21-EMA at 0.7244.
Violation at channel top reverses downtrend in the pair.
Support levels - 0.7130 (session low), 0.71 (channel base), 0.7032 (2016 low)
Resistance levels - 0.7169 (5-DMA), 0.7246 (21-EMA), 0.73
Stay short on upticks, SL: 0.7175, TP: 0.71/ 0.7035
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension)
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level 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.
