Audchfforecast
AUDCHF LONGlooking to take this entry on the 1hr time frame we can se that price has come from an impulsive push to the upside breaking through previous resistance,
price is currently in a symmetrical triangle structure that has made multiple touches respecting the trend lines
the current price action price has just made a second touch to the bottom trend line and formed a inverse head and shoulders indicating a push to the upside.
to confirm this entry i have waited for a impulsive candle and now currently seeing a 1hr tight flag with multiple consecutive candles.
target 1 will be looking at the orange box near the prevous high near a fib resistance level
foregoing the final target will be the top orange box at the .618 level
Possible Trend Reversal on AUD/CHF?Hi Traders
AUD/CHF (H4 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 0.69940 after the market found resistance @ 0.72270. Only the upward break of 0.72270 would cancel this bearish scenario.
Trade details:
Entry: 0.69940
Stop loss: 0.72270
Take profit 1: 0.68565
Take profit 2: 0.66235
Take profit 3: 0.62437
Score: 7
Strategy: Bearish Trend Reversal
CHF/AUD TP Hit, Look For RetraceThis has just hit TP on previous posts for this pair. Now looking for this to retrace and possible re-entry for shorts. Fibonacci obviously depends where this current downward move ends but currently 0.382 aligns with previous structure so this makes sense to be the area this could retrace to. Then need to see bounce from this resistance lower.
I'm currently setting target as 1.4130 for that next move but I will make a new post for this if and when the retrace comes.
AUD/CHF, will the uptrend continue?🧙🏻♂️The pair has hit resistance at around 0.691 area. If it is able to close below that area, we will be looking to open SELL positions and aim for the 0.682 area as our first target. On the other hand, if the price breaks the zone of resistance, we will be waiting for a retest of the broken zone before opening BUY positions🙌🏻