Audchf retest of 4Hr zone then continue upwards Break of upward trend, price looks to retrace to a zone which shares 0.618 area before going long again
Aud-chf
AUDCHF will start the reatracement? 🦐AUDCHF on the 4h chart after the recent highs got rejected by the weekly resistance.
The price is now moving over a minor trendline within a major channel.
According to plancton's strategy if the price will break below we can set a nice short 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 facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension . If prices increase and break through the descending trendline, prices might push up to 2nd resistance which coincides with 61.8% Fibonacci retracement and 100% Fibonacci extension . Prices is also below the EMA , showing a bearish pressure for prices.
AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension. If prices increase and break through the descending trendline, prices might push up to 2nd resistance which coincides with 61.8% Fibonacci retracement and 100% Fibonacci extension. Prices is also below the EMA, showing a bearish pressure for prices.
AUDCHF testing the trendline 🦐AUDCHF on the 4h chart after the recent highs got rejected by the weekly resistance.
The price is now moving over a minor trendline within a major channel.
According to plancton's strategy if the price will break below we can set a nice short 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 - LongBullish pennant forming on AUDCHF.
Looking for a price to break above resistance of the pennant before seeing a restest of resistance and then continued bullish movement.
AUDCHF has been in an uptrend for a number of weeks, so I am looking to join in on this trend rather than going against it.
I will look for confluence with the indicators to increase the probability of the trade.
AUD CHF SELL (AUSTRALIAN DOLLAR - SWISS FRANC)Hi there.
Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Price hunting on the ceiling of the channelNote that this is just a correction and is the main uptrend.
By using the important points of support and resistance, as well as the use of 5 tiny waves and identifying them, we have a warning to change the trend. With a good risk-to-profit ratio and a short stop, we can make a good profit if fundamental factors do not interfere. what is your opinion ? Thank you for watching and support us by liking us.
possible rising trendline breakAUDCHF price action is currently being supported by a rising trendline. The price is slowly turning and could potentially break the trendline and go down. I have placed a sell stop market noise below the trendline.
AUDCHF ready for a break 🦐AUDCHF after the break above the weekly resistance is now consolidating below a minor support.
According to Plancton's strategy, If the price will break above we can 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.
AUD CHFBe ready at any moment and draw your own plan, believe in your own plan even if it is wrong, I believe in my work.
AUDCHF a bounce at the 0.618 🦐AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel .
The price after breaking below the minor support touches the 0.618 Fibonacci level and now testing the weekly resistance.
According to Plancton's strategy, if the market will break above, we can 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 ANALYSISAUDCHF formed head and shoulders pattern
Pair is based below key level at 0.6910
Price broke uptrendline
Below SMA 100
MACD shows start of bearish momentum
It's expected to target support level at 0.6800
AUD/CHF, will the uptrend continue?🧙🏻♂️The pair has hit resistance at around 0.691 area. If it is able to close below that area, we will be looking to open SELL positions and aim for the 0.682 area as our first target. On the other hand, if the price breaks the zone of resistance, we will be waiting for a retest of the broken zone before opening BUY positions🙌🏻
AUDCHF a bounce at the 0.618 🦐AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel.
The price after breaking below the minor support touches the 0.618 Fibonacci level and now testing the weekly resistance.
According to Plancton's strategy, if the market will break above, we can 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 possible sell op.We see a possible rising wedge forming here. Also a possible double top we should be looking out for, seeing how that plays for remainder of day. Trade op opens when we see a bearish break of our rising wedge formation.
AUDCHF: The price is still Growing in the CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/CHF
⚪ Technical Analysis :
Since the 27th of January 2021, the price has been moving following an interesting ascending channel, once it reached and got a quick rejection on the support zone at about 0.67500.
It bounced few times on its dynamic channel's lines, that would confirm the validity of that pattern and it's currently retesting the S/R zone at about 0.68200.
The next price action around that area will be essential to understand the next market movement.
🔴 Conclusion :
The current S/R zone rejected the price many times since December 2020 and I'm confident to see an upcoming new bullish impulse, moving the price up inside its channel, trying to reach the next resistance zone at about 0.69000.
I'll be waiting for a proper rejection on the current level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDCHF a bounce at the 0.618 🦐AUDCHF on the 4h chart after the double top at the weekly resistance retraced into a descending channel.
The price after breaking below the minor support touches the 0.618 Fibonacci level and now retesting the previous support now turned resistance.
According to Plancton's strategy, if the market will break above, we can 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: SELL Based on our technical analysis on higher timeframes with AUDCHF, we see a potential for a SELL opportunity for the month of February.
Drawing a fib from October 2020's low to January 2021's high, we can see that price is hovering right in the possible SELL zone for Bears to enter. If price does not break the 6.18% level (on the fib drawn) then Bears can definitely enter for the month to take it down to our Take Profit (TP) area labeled "Possible Exit for SELLS" on this Trade Plan. The 21 EMA (hot pink line) was also added to this Plan for another confluence.
Let's see what February 1st brings for us.
AUDCHF testing the siupport 🦐AUDCHF after the attempt to break the weekly resistance is now testing minor support.
The price created a double top and according to Plancton's strategy, if the market will break below, we can set a nice short 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: Update & Trend Line Retest
After a confirmed breakout of a major rising parallel channel on a daily,
AUDCHF is retesting its broken support.
On that, the price was nicely rejected and formed a double top formation.
Now I expect a bearish continuation.
Intraday goals:
0.684
0.6825
For swing trading first goal can be 0.677
Please, support this idea with like and comment! Thank you!
AUDCHF: Important Breakout & Reversal
It looks like AUDCHF is preparing for a major reversal:
the price has formed a lower high on a daily and then broke below a support line of a major rising channel.
Now we see the attempt of bulls to retest the broken structure.
Bearish impulse may start there.
Potential goals: 0.677 / 0.672
Please, support this idea with like and comment. Thank you!
