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.
Aud-chf
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!
AUDCHF Retrace then continue up trend!! £$€!!!From the chart shown, the blue line at the top is a trend line from the 2 previous highest points on the daily chart, price is currently on an upward trend/motion heading towards that overall trend line. The supply zone between 67.2 - 67.4 has broken through which now turns to a demand zone, from looking at the stoch indicator we see the lines cross over signalling price may drop, drop down to the 1H chart you see a bearish engulfing meaning price is going to drop down to retest the new demand zone on the 4H chart which we will look to enter a BUY position and continue the current movement.
Confluence in this analysis is price currently moving upward, breaking through a supply zone, creating new demand(which is set to be retested) fib retracement also shows new demand area shares the 0.382 and 0.5 fib levels, 20 MA also shows movement towards the upside
R:R:R - 2.65
OP - 67.386
SL - 67.073 (-30.3 pips)
TP - 68.178 (+80.2 pips)
AUDCHF may be about to start a new Bullish trend Let's take a look at the weekly chart on AUDCHF.
We have 3 relevant items to pay attention to
a) Broken descending trendline.
b) The price above a Huge support zone.
c) A massive Flag pattern on the edge of the broken descending trendline.
From a technical perspective, a Flag pattern is considered a continuation structure, which means that we have a sideways movement during a period of time, only for the price to keep going in the previous direction after the breakout.
AUDCHF on a retracement move 🦐AUDCHF after breaking above the weekly structure couldnt create new highs.
The price lost the bullish momentum and now is melting below the support area below a descending trendline.
IF the market will close the candle below, at the retest we can set a nice short order according to Plancton's strategy.
–––––
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 ANALYSISStrong bullish wave (a) ended at level 0.6722
then corrective bearish wave (b) rejected from 50% Fibonacci level at 0.6650 with strong bullish movement
Price is based above key level at 0.6715
Above SMA 100
MACD shows bullish momentum
It's expected forming bullish wave (c) to target level 0.6800
Nice level to watch on Audchf...Do take note this level. If AUD weakens then some reversal should be possible from here for AUDCHF
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDCHF - SWING - 09. DECE. 2020Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bearish turnaround after closing above main sr level.
4 HOUR
Very bullish market structure and price action..
DAILY
Expecting another push to previous highs and resistance level!
-
FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.90230
SL @ 0.90760
TP @ 0.89470
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 daily chart short (40 day trade)First of all, art is not a top trait of mine.. but on to more important things.
Technical analysis suggests continuation to the downside for the AUDCHF pairing. CHF is well known for being a safe and strong pair to buy into, especially coming into the December-January months which is easily read on your chart. The current price we are at, to me is a nice price to sell with a great RR ratio.
- Short term it is clear that since the decline from 0.6720, the market has tried to fight back from key levels however struggled and continued down with every pull back.
-The bullish AUD currencies have appeared to weaken towards the end of the week, suggesting a turn of the market for them.
-The CHF pairs, which also weakened continued downward, however bounced and finished stronger at the finish of the previous week and looks likely to strengthen with all the doubts in the current climate.
- *Dumb* (retail) money is majority with buyers believing the market will bounce back up. The market started the sell off since 0.6720 with suggestions it will continue its shorts.
Purple colour fill areas are areas of interest (for me)
Both short trade plans are what I anticipate to come, with one being an additional to the 40 day usual.
I am a longer term holder of trades. I expect to enter this trade on monday 07/12/20 or tuesday 08/12/20 and a golden time scale for me is usually 40 days.
AUDCHF on the 0.5 fib 🦐AUDCHF after the break of the trendline reached 0.5 Fibonacci level exactly over a weekly support.
The price bounces and now testing a minor resistance.
IF the price will break and close above it we can set a nice long order according to Plancton's strategy.
–––––
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 the channel break 🦐AUDCHF is moving inside an ascending channel.
The price after hitting the weekly resistance at the 0.67 level couldn't create new highs.
IF the market will break and close below the support structure, we can set a nice short order according to Plancton's strategy.
–––––
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 - LongPossibility for a bullish move for AUDCHF following a touch on the support line of the ascending channel.
We have seen price touch this support line and a bullish rejection of this trendline has quickly followed. Following a rejection at support, I belive price could reach the 0.67330 resistance level
Before entering a long trade I will look for clear confirmation of rejection in the form of closed 4H bullish candles.