It's been a year of audchf trading between converging lines, logic tells that at some point, price will break to one of both sides, up or down. But it is the time yet? I have some factors that indicate it is not: Price climbed to test two important trendlines, and closed with a nice red candle, then consolidated at this zone, as macd decreases value, giving a...
The pair has broken out of the corrective structure to the downside providing an opportunity to go short for a good RR.
Looking to get long on dips for a break out of the bear channel
AUDNZD has an inverted head and shoulders pattern and awaiting breakout.
Market has levelled out while RSI has dropped - divergence.
Possible Breakouts for FX:AUDUSD
Last week $AUDCHF completed a bearish Gartley pattern near 0.735. Despite a spike higher, the pattern wasn't violated and an Outside Bar added to the potential reversal patterns shown in this daily chart. The price closed below its daily downtrend line. 0.75 is the nearest daily resistance zone 0.725 is the nearest daily support zone 0.7 is a weekly support...
In trade since related Idea, Updating on sl and tp in chart. Cheers.
Hit points are showing very strong convergence. Trade a close outside the triangle.
www.snb.ch the first 3 paragraphs are important.. Also -Aussie- Gov. Stevens speaks March 22. the rise 2 Aud has been in its Monetary policy.. it mentioned low interest rates are support demand..followed up by good trade balance & -GDP- unemployment rate also went from 6.0 to 5.8 the other day. will keep R/R substantially low once price breaks out. a good SL...
FX:AUDCHF Structure breakout.; Eventual Bullish Gartley above projected cluster. Wait for price action to build structure. GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;
FX:AUDCHF Check previous published idea for this pair - link below; Safe trades; open.spotify.com
The pair is breaking after correcting up, after confirmation, selling towards the uptrend line and watching for another break below looks a good idea
My top secret analysis shows there is a high probability that price will fall over the next trading day. My hunch is price will breakout of the bottom channel before rebounding up.