Price has broken off a falling wedge pattern and formed a flat flag pattern suggestive of continuing to go LONG.
Go long with AUDCHF and trail sl to get the maximum profit.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.64). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
We can see a clear ASSCENDING WEDGE PATTERN FORMATION on AUDCHF Currency Pair In D1 Chart which may result in breakout either side, our prediction is that it might break downside itself because it has just now retested a heavy resistance 3 times which can even be considered as a TRIPPLE TOP FORMATION, But take your trades based on breakouts and enjoy with a...
bought AUDCHF at 0.63160 and will hold this for tommorow
bought AUDCHF at 0.63160 and will hold this for tommorow
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6326). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Extensive support between 0.632624 and 0.629208. Will consider short only when price is under 0.629208. Price is NEUTRAL with resistance @ 0.636005
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6234). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Chart is shared for the study purpose.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6557). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....