We have developed a nice lil sideways range here. Set a limit order at the wicking to the left of our buy/sell tool with SL above the previous high. We are shooting for TP that is just above our median/middle of the range. We are overbought as of now but suspect we will comeback to test that upper range.
AUDCHF broke and closed above the resistance of a horizontal trading range on a daily.
We may anticipate a bullish continuation now.
Next resistance: 0.5856
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Prices is bouncing off my Weekly Support 1 (WS1) forming a double bottom on the 15 minutes chart. Potential reversal. Comfortable to take a trade here due to the low R:R.
Double bottom on 15 min timeframe:
Another Mean reversion play. We have been over sold for a very long time, we have had a fairly long bullish push with no pull back. Using previous structure for SL and a soft 0.4 for target.
Price is still bullish. But we have started a correction phase. So we shall wait for price to get to our intended area before we can go short on a short term.
price has formed an ascending bullish pattern on the 1H Time Frame which indicates a reversal chart pattern and also price has broken out of the pattern trendline with a strong bearish candle stick and price did come to retest the broken trend line
Same idea, Just be patient and wait for that aggressive break to the
downside, MORE UPDATES COMING. It can still move to the other
direction thats why we take a calculated risk at 1% or less.
LINKUSDT is trading in descending channel and printing consistent HH HLs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 0.5900followed by 0.6000 region.
What you guys think of this idea?
The market formed a reversal channel (123), 15 minute time frame shows a clear break of the trendline hoping to see that drop to the downside
any moment from now. Just be patient and wait for that aggressive break to the
downside, MORE UPDATES COMING...
On 1H AUDCHF is looking bearish. It broke consolidation upwards with low volumes and a strong resistance is observed in this area. Anywhere between market hours (London or US) it seems bears will take this opportunity and turn all buyers into sellers. Also fundamentally we have CHF Trade Balance releasing today.
Easy take profit targets as shown in the chart.
Excellent solid level in AUDCHF, We see a strong impulsive candle breaking this hourly level, a rounded retest back to the level would be interesting here. If this high is taken out, I wont take this trade anymore.
A beautiful story is unfolding in the pair! It might be worth joining in, especially if it breaks the trendline and undergoes a retest before moving higher. I'm getting in earlier because when the trendline breaks, we might experience a rapid surge!
The market is in a corrective phase, expect the market to return all the way to the key
level an wait for a reversal pattern before entering the market.
Updates will be available soon...
