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AUDCHF: Multiple timeframe Analysis

Tweet on 1st Apr 2014

Looking at the big picture on D1 and Wk charts

Tflow® Pattern and Support & Resistance Levels seend on AUDCHF

Tflow® Pattern and Support & Resistance Levels seend on AUDCHF

A Clearer look at Support & Resistance on AUDCHF WK line chart

A Clearer look at Support & Resistance on AUDCHF WK line chart

  • A D1 downflow and down 1234 can be seen
  • Price is turned at resistance of previous WK turning points
  • Currently price is at immediate supports of previous D1 boxes

Looking at the H4 timeframe

If price stays above support - current move down will be a retracement

If price stays above support – current move down will be a retracement

  • Price reached a resistance; so we see H4 mapping a HS. However, a failure of HS will be a dead cat bounce
  • If price stays above the support level, then the current downward move will be only a retracement of the H4 upflow.
  • If price falls below the support level, it would validate the 1234 pattern in D1
  • Current support, as of time of post, is at 8140 (recent candles low). If price below 8140, HS completes and has S at 8100

 

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2 thoughts on “AUDCHF: Multiple timeframe Analysis”

  1. Lai Kuan Chan says:

    Thanks Jerome. This is most helpful!

  2. William Ang Yong Ching says:

    jerome, thanks…

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