Who’s up for last-minute pips?
If you are, then you better not miss AUD/CHF and Ether’s (ETH/USD) swing trades!
Check out their 4-hour charts:
AUD/CHF looks ready to turn lower after consolidating at the top of a range!
See, the .6720 area has been holding as resistance since late June.
Stochastic is also on the bears’ side with its bearish divergence on the 4-hour time frame.
Think the range resistance will hold for another day?
A short trade at current prices or the first signs of bearish momentum would yield a good risk ratio especially if AUD/CHF dips back down to its .6650 mid-range and .6600 range support levels.
ICYMI, Ether (ETH/USD) recently broke a trend line support and is currently trading below the 4-hour chart’s 100 and 200 SMAs.
What makes the setup interesting today is that ETH is back at the broken trend line that may serve as resistance this time.
It doesn’t hurt ETH bears that the $1,700 zone lines up with the 200 SMA and the 38.2% Fibonacci retracement of the previous week’s downswing.
You can short at current levels and target ETH/USD’s weekly lows if you believe that the pair IS about to see a bearish reversal.
Feel like ETH/USD can still save its uptrend? Y’all have to wait until ETH is staying above the broken trend line if you want to bet on the pair returning to its August highs.
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