Rising wedge in a bearish trend serving as a continuation pattern
Hi traders, Price still in an uptrend and following a broadening wedge within the ascending channel. Currently the price has hit the resistance line of the wedge and is likely to bounce off towards the wedge support level. Breaking of the wedge resistance line will invalidate this short/sell signal. Share your opinions in the comment section. If you agree with the...
AUDCHF is generally in an uptrend and following an ascending channel. However, currently it has formed a triangle pattern within the structure which may present a short term trade opportunity. I have marked it a short because personally I feel the triangle may break from the bottom side. You may wait for the breakout to confirm your side of the trade.
BUY STOP - Pending Order BUYING AUD/CHF Entry: 0.6798 Target: 0.6841 (43+ pips) SL: 0.6755 (43- pips)
bullish bat trade setup. don't forget that tp price may change according the reversal price
AUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes. There is a likelihood that the price may fall down towards the support line of the channel. Breaking of the resistance level with invalidate this analysis. If you agree with this analysis hit the like button to show...
Pair: AUDCHF Prediction: Short / Sell The game of Probability & Possibility
Trading Setup for next week. We are buying AUD/CHF on a pullback. Entry: 0.6748 Target 1: 0.6790 Target 2: 0.6748 SL: 0.6677 Keeping our SL below 200SMA Risk Reward 1.22
AUDCHF = Current Price is near Resistance. If Broken, Wait for Retracement (a move back to retest the broken resistance turned support line) and look for a price action signal to go long. Be Patience yall and Cheers
AUDCHF has almost completed a retest to the broken resistance, therefore we'll be looking to short this pair from the resistance...
The pair has posted an engulfing bearish candle yesterday respecting perfectly the 50MA and confirming the downtrend. It is at the moment sitting at support but if this is broken I can see a strong case for the pair to go all the way down 0.6775 area where I would expect a double bottom as this has been an area many times respected in the past (2015 and 2016)....
AUDCHF possible Long Idea according to our technical indicator
Pair: AUDCHF Prediction: Long / Buy
This pair broke out bullish after reaching support ( the point where it started moving up) . We've currently seen price move bearish into what i'd see as a pullback with potential to for price to bullish again and create new highs toward the price level marked with the green line which is also our take profit level. ENTRY - Grey line STOP LOSS - Red line TAKE...