AUDCHFHey traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.688 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Aud-chf
AUDCHF on a double top? 🦐AUDCHF on the 240min chart has created a double top pattern.
After such a figure the price should move to the lower side of the market and I can spot a support ascending trendline that can confirm my idea.
How can i approach the scenario?
I will wait for the European market to open and check for a potential break and rates of the support area .
In that case, I will set a nice short order according to Plancton' strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDCHF waiting for nice rejection what do we see for audchf
DAILY : price one daily is in strong downtrend
4H: price making HL and LL this and potentially a correction before the impulsive down move
1H: liquidity grab from consolidated area and moving towards the 1h OB and BOS from previous HL
ACTIONS: wait to see a nice rejection in the 1h OB and wait for confirmations on lower time frame for entry
Good R to R and a normal probability is great! Short AUDCHF.
Moving averages are clear in the chart!
VWMA didn't play resistance role recently, however could help us indicating trend.
A strong impulsive wave broke the level and in pullback to it we can enter a short option!
You can hold some of your position open to 0.64179
AUDCHF potential for bounce | 24th JanPrice is near buy entry price of 0.65410 which is also 100% Fibonacci projection and 50% Fibonacci retracement. Price can potentially go to the take profit level of 0.66713 which is also 100% Fibonacci projection and 78.6% Fiobnacci retracement. Our bullish bias is supported by the stochastic indicator as it is at support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
A divergence signal appeared with AUDCHFH4 time frame.
Structure: Uptrend.
A divergence signal appeared with the MACD indicator.
Wait for the price to clearly break the Key Level at 0.65600 and have a confirmation signal, then you can find a selling opportunity.
The profit target is the 0.64200 price zone.
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Wish you all have a good trading day!
AUDCHF potential for bounce! | 14th Jan 2022Prices are abiding to our ascending trendline. We see the potential for buy entry at 0.66168 in line with 50% Fibonacci retracement towards our Take Profit at 0.66743 in line with 61.8% Fibonacci extension. Technical indicators are at level where bounces previously occurred and prices are trading our ichimoku clouds further supporting our bullish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF on a bull flag? 🦐AUDCHF after a test of the weekly support is testing the 0.618 Fibonacci level on the retracement move.
According to Plancton's strategy if the price will break above and satisfy the Academy rules we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDCHF on a bull flag? 🦐AUDCHF after a double bottom over a weekly support is testing the 0.5 Fibonacci level on the retracement move.
According to Plancton's strategy if the price will break above and satisfy the Academy rules we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDCHF Bearish Breakout | 5th Jan 2022Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 50% Fibonacci retracement and 78.6% Fibonacci projection towards the take support level in line with 100% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator acting as a resistance level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF is on bullish momentum! | 4th Jan 2022Prices are on bullish momentum. We see the potential for a bounce from our buy entry at 0.6588 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.66376 in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by Golden Cross MA Cross 50 & 200 and RSI close to levels where bounces occurred previously.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF is on bullish momentum! | 4th Jan 2022Prices are on bullish momentum. We see the potential for a bounce from our buy entry at 0.6588 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.66376 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by Golden Cross MA Cross 50 & 200 and RSI close to levels where bounces occurred previously.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.