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.
Aud-chf
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: 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!
AUDCHF: SHORT idea on this PULLBACK (Signal)Hi 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 beginning of December 2020, the price has been following a strong ascending channel, bouncing many times on its dynamic S/R lines.
On the 14th of January 2021, it reached an important resistance zone at about 0.69000, getting a strong rejection and failing its following attempt to break it.
Just few days ago, the price broke the ascending channel and yesterday it retested the same level without break it.
🔴 Conclusion :
In the daily and weekly perspective I can properly see that the price reached an important zone that rejected the price many times, so I'm confident to see a clear trend correction and I'll be waiting for the breakout of the level 0.68200 before planning my short position on this trade.
Once I'll open my trade, my SL would be at about 0.68500 and my TP on the next support zone at about 0.67450.
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 - SWING - 25. JANU. 2021Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bullish price action and pressure.
4 HOUR
Sideways market structure about to push to previous highs.
DAILY
Good long entries following mid term trend.
-
FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.68550
SL @ 0.68230
TP @ 0.69000
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCHF - SWING - 19. JANU. 2021Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bullish pressure above main sr level.
4 HOUR
Overall bullish market structure..
DAILY
Small pullback within a bullish trend..good long entries!
-
FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.68650
SL @ 0.68380
TP @ 0.69070
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCHF retrace to the support 🦐AUDCHf on the 4h chart hit and got rejected by the weekly resistance.
The price just broke the supporting trendline.
According to Plancton's strategy, 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: Expecting Bearish Movement! Here is Why:
Here is our technical view for AUDCHF.
Our analysis is based on current market fundamental sentiment.
According to our chart AUDCHF is trading within a supply cluster.
Based on our outlook the market will start falling
to the next support level.
Like & Comment Our Analysis, Please!