AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready. The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy. Trade idea - waiting for possible...
Some guidance with Rate of Change indicator. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
What call my atention the most in this case was the almost perfect equality there is between wave 1/A and 3/C. Then after looking a little more in this, it made me think we could be in a ABC zigzag correction, IF that is the case it should be a good idea to look for the long setups ONCE it breaks the channel, I am not descarting the possibility of this beeing a...
The top of the trend channel meets up with the .382 fib on the larger downtrend. Was waiting for conformation that the resistance doesn't break which we got with a new high at 0.715.
Triangle or a ZigZag combination. Time will tell. But for the moment all is looking good for a long upto the upper trendline. But we need a small correction to enter the trade. Lets hope we get a good one to enter with confidence.
Hello everyone, I have highlighted the targets on the chart. There are few patterns in play along with TLs. This pair also broke the TL on 1 hr timeframe. Good Luck For info: kevinsdhaliwal@hotmail.com Twitter: kevindhaliwal1 IG: AllTradingIdeas
One of our new setup idea for next week. Why did we choose this pair which we usually don't trade ? Check it out on www.ichimokuforex.com
with the pair breaching the previous weekly structure and now consolidating in a 4 hr channel provides an excellent opportunity to short the breakout which would come pretty soon, although the initial target aimed here is lower the downside breakout will have the potential for a much larger move later on.
Here is another setup to enter short for those who are not already short in the earlier setup, once the price breaks below the corrective structure. Downside potential in this pair is huge.
Entry: 0.699 SL: 0.696 Target: 0.711
In the LTF, I see a wave 5 forming in the channel, those that are more willing to take risk could see at the red box with the arrow, alternative, see at the top channel for a better risk : reward.
Bearish 2 Bar Reversal expect price to go down to .7080 Pure Price Action Just Key Horizontal Levels Keep it stupid simple.