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Audchfsignal

#AUDCHF Now, in 4 hours time, with the failure of the B static area, it was able to stabilize the higher ceiling, 4 supports have been identified. 1-0.64047 2-0.63094 And Areas A and C of the pattern are 0.62167 and 0.61653 The current range from which we had a decrease around 0.65366 can also act as a resistance in the return to the top. Then the range of X pattern 0.67237 can create a resistance to reach the target 0.68279 and the trend line. The floor of the current movement must be stabilized to continue the movement, otherwise the movement will be a wide movement of a decreasing wave in the upper fractal.
by maryammh
2
AUDCHF 12hHi, there is a shorting opportunity in AUDCHF in 12h time frame. In multiple time frame analysis 12h time frame has good supply zone and have good execution. Also, the price is not coming from the good quality Demand zone(DZ). Suddenly there is a spike from the buyers. I feel that it is a retest to the supply zone to a give an another down move. From the Bears perspective they have a good achievement. They have breached the consolidation phase which was taking around 2 months. If you check the Australian Dollar currency index , price already hit the supply zone and it is coming down to take the support of Daily Demand Zone (DDZ). Even though there are good points to enter in short sell, still it is an Aggressive entry, and it is always a risky one of all time. If this entry has breached, then there is another short selling entry at 0.65500 Now you can see there is a breakout failure by the buyers and the bears taking the price to the downward movement. You may feel price has gone from the high but you don't have to worry. Price is still in the same entry point for the short selling opportunity. But it is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & Regards, Alpha Trading Station OANDA:AUDCHF
Short
by AlphaTradingStation
2