AUDCHF analysis

Analytics based on price channels, Fibonacci levels, and modified wave analysis for the Smart Trading system.

AUDCHF

On the D1 timeframe, D1 and D2 patterns are truncated. Both Awesome Oscillators show Bearish Divergence. Stochastic Oscillator signals an overbought condition.

The H4 level wave pattern also did not break through the 123.6% Fibo level (truncated). Awesome Oscillator shows a Bearish divergence, while the Stochastic Oscillator signals an overbought condition.

AUDCHF rate online: trade the AUDCHF currency pair.

Trading idea:

Sell on the formation of a downward wave pattern, where wave (A) breaks through the inclined channel of the ascending truncated pattern of the H4 level.

Stop Loss for the local maximum - 0.6750.

Since the entry point is C, it is necessary to set the first Take Profit at the 1:1 ratio (at the value of the stop order). You can set further targets on your own.