The AUDCHF is trading inside a descending broadening wedge chart pattern and the prices have retraced from the latest resistance level. Thus, there is an optimal sell opportunity in the pair. The technical indicators such as parabolic SAR and RSI also support a downward revision.
AUDCHF has been spotted in rising wedge which is a bearish pattern with bias to break to the downside. Entry is around 0.65650 and take profit at 0.65350, roughly around 30 pips profit. Good luck! Tibor
AUD/CHF SELL - 0.6606 TP - 0.6546 SL - 0.6666
Price is currently at this key level which was previously a resistance zone but we can now see price is treating it as support. We can see the price has been respecting these levels, as looking at the arrows, we can see how many times the price reversed after reaching these levels. Price is already showing rejection, as we can see a bullish hammer candle formed...
Price is forming a bull flag. Hence looking to enter long
i am looking for a range.. the digestion process is completed and now i'm looking for a range before going short here
Chart is shared only for the study purpose
Price has formed a bear flag which is suggestive of a sell trend Target RR = 1:2
Looking for trades on Support and Resistance at 4 hour time frames. Follow the Yellow drawing.
Trade Setup summary: Profit targets=1160 pip (75 + 155 + 250 + 305 + 375) Stop Loss =450 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 424 pip Closed trade(s): 72 pip Profit Open trade(s): 352 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @ 0.6655...
AUDCHF can be good buy with small riskreward
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.658). 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. . The...
Price has formed a larger bear flag suggesting drop in price. To add more confluence to the setup it has formed a rising wedge pattern as well inside the bigger bear flag. Rising wedge also has competed with the 3 touch confirmation.
all the details mentioned on chart above