Audchfshort
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.66646 where it is could reverse down to its support at 0.65576.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
MY BIAS FOR AUDCHF IS SHORT ... POSSIBLE TRIPLE TOPMy bias is short unless price breaks and retests our triple top level of 0.66830. Only in this instance will I go long upon valid confirmations.
There are 2 possible entries here, shorts will only be taken following the break and retest of 0.66350 or a rejection from the 0.66830 (Triple Top Level).
NO TRADE SHOULD BE TAKEN UNLESS THESE SCENARIOS ARE MET .... DISCIPLINE !!!
Long Term Swing - Ichimoku AUD/CHF Trade SetupThis pair had been stuck in a zone for awhile but is now testing a major price structure support level. This is a pretty straight forward setup where I am looking for a break of price structure support for a chance to swing trade lower. I've set my long term target at major price structure lows you can see on the left side of the screen, but we have lots of levels to aim for as long this bearish trend stays valid. I've drawn out horizontal lines at a lot of these levels that I will use for partial take profit levels to aim for along the way. If we fail to break through this support level or continue on a bearish trend, this setup may become invalidated.
Possible AUD/CHF Short Position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ 0.6945 - .... and fall to the 0.686 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.686
FX:AUDCHF
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.686
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
AUDCHFThe 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).
This view is supported by MACD making a tick lower.
A pull back in the 4H chart and break of the lows will be needed for me to enter the trade.
Trade safe!
AUDCHF approaching support, potential for a bounce!
AUDCHF is expected to drop to 1st support at 0.68591 where it could potentially react off and up to 1st resistance at 0.69022.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF SELL Swing Short Term Target to .6800Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.