Read the written text in the chart.
Long opportunity on AUDCHF Reasons for entry - Price finding resistance on trendline - Bullish candle - Mini-uptrend (as the dominant trend is still down, move stop to breakeven quickly) - Good R:R ratio Exit Strategy - Stop 0.7175 - Profit 0.7255 - 3:1 Reward: Risk Let me know what you think.
Hi everyone got AUDCHF with pattern. Targets are highlighted in orange. Lets see and Good Luck
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Time at mode analysis points to completion of a corrective move as price meets the profile balance point from the last high to mode distance, matching a downtrend signal timer expiration. We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and...
Idea is based on Elliott wave theory and the use Fibonacci ratio's. The count is shown on the chart along with specific target/stop loss. Good Luck
EURCHF bouncing would support the idea of a Wolfe Wave Pattern formation on this market. I will wait till Monday morning to enter long with SL 0.715 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your...
Watch for a potential rally off of 0.68893. Following are speculative forecast (i.e.: If model was forced to commit to bullish outlook), yielding the following targets: NUMERICAL TARGETS: 1 - TG-1 - 0.75064 - 22 JAN 2015 and 2 - TG-2 - 0.77643 - 22 JAN 2015 NOMINAL TARGETS: 1 - TG-Hi = 0.79946 - 22 JAN 2015 and 2 - TG-Hix = 0.81815 - 22 JAN 2015...
The longer term shows a clear downward trend. Price was unable to Breakout 0.87ish area & broke down 200dma (best benchmark). Yesterday a kangaroo tail formed near 200dma resistance. This is a great Low Risk Entry Point for a short swing position. Risk-Rewaed Ratio is the best it can be. If 200dma is violated and price cleses above I would consider a Long Position
AUDCHF might be finally breaking out of this sideways movement to continue higher Favoring a long position with T.P 0.81 and 0.8180
Technically this pair is in range or slow decreasing trend channel. That means it's a good opportunity to long AUDCHF next days. I' am bullish on it. For long position we should break the upward trend-line asap. But next days Australia is going to publish major data witch can change the direction dramatically. So keep patience and wait. For longs: SL 0.81 T1...
English : Channel up perform with bullish target at 0.8460 and maximum target at 0.8500 If channel up break down, bearish target this week only at minor support at 0.8330 with maximum target at 0.8250 Indonesian : terbentuk channel up dengan target 0.8460 dengan maximum target pada 0.8500. Apabila channel up break down, maka target bearish hanya sampai pada minor...
English : right now price action try to break up bullish keylevel with maximum target at 0.8460 If this level can stop buyer action, then bearish target at minor support with maximum target at 0.8200 Indonesian : Saat ini harga berusaha untuk break up bullish keylevel dengan target maximum dilevel 0.8460. Apabila level ini berhasil menahan kekuatan buyer, maka...
i) Rejection from 200 EMA and 50% Fibbonacci retracement line on the daily time frame in the form of an umbrella line ii) Kumo bearish twist on 6H time frame iii) Rejection from the baseline iv) Lagging span below price action. They indicate a medium risk short trade on this pair, as i) the price action is still in the cloud on this time frame. The...
Brought to my attention by one of my Syndicate Members, what we're looking at is a bearish Cypher pattern. If you take a look at the recent movement of the market we've just put in a new structure low (LLLC) and the Cypher completion comes at a retracement back into previous structure along with a 38.2 Fibonacci retracement from our bigger swing. Unfortunately...