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AUD/CHF inverted head and Shoulders pattern weekly chart

Aud/Chf is showing an Inverted Head and Shoulders pattern on the weekly chart
First of all here is the weekly chart and you can see the forming of the inverted head and shoulders pattern
Aud/Chf weekly chart
On the daily chart we see that there has been some sideways price action,
but we can see that before this action occured there was a move down
and the first retracement from this move down provides us with a Fibonacci expansion level of 61.8%,
that has been hit now --- this level could also …
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
AdamFx42 avatar
AdamFx42 4 Dec.

Price has broken below my initial support area - the bounce up has started though,
Need the price to break above 0.8180 for my prediction to play out now

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EUR/AUD back up again after technical retracement

Eur/Aud seems to be on its way back up after retracement after hitting a 61.8% Fibonacci level of the previous move up
on the weekly chart, a new move up is now already forming
On the first weekly chart I have drawn the inverted Head and Shoulders which started this present move up
and whose target has already been met
On this chart we also find that Fibonacci Expansion level of 61.8% from the previous move up on weekly chart
has been hit, and has acted as resistance - and the pair has bounced o…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen