💡 Two buy opportunity in AUDCHF, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6428).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.6595
TP2= @ 0.6715
TP3= @ 0.6815
TP4= @ 0.6881
TP5= @ 0.7020
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6493).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.6585
TP2= @ 0.6623
TP3= @ 0.6677
TP4= @ 0.6740
TP5= @ 0.6818
SL= Break below S2
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Aud-chf
Bearish Setup on AUDCHF, we have the pullback!Today, we will share a short setup on FOREX
The main idea here is:
a) The price was inside an ascending channel, and we have a bearish breakout
b) After that first impulse, we are observing a pullback (retest of a broken area)
c) From a technical perspective, pullbacks are continuation structures.
d) Now we have a clear corrective structure, and we will trade below B with the target on the last Fibonacci Extension
e) We will risk 1% of our capital, and we will move our stop into break even in the first Fibonacci Extension.
AUDCHF testing a 4h support 🦐AUDCHF on the daily chart broke last week below the strong support at 0.64900 and went into a bearish move till 0.63800 at the bottom of the descending channel.
The price on the 4h chart retraced back until the previous daily support at 0.64600 and turn down again.
IF the market will break and close below the minor 4h support we will set a nice short order according to Plancton' 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 Trade Idea (Long - Buy - Double Bottom)Hi Friends, I am sharing my view on AUDCHF and to be honest I am already in this trade as it is executed for me but I might enter an other trade for long if it show further sign of weakness. You may join my group for instant trades execution and ideas if you like please comment your view.
Thank You
AUDCHF on the top of the channel🦐AUDCHF is moving inside a descending channel on the daily chart.
The price after hitting the top trendline is now testing the 0.65750 area.
If the market will break and close below the minor support, 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 BUY ALERT - Whats your view?AUDCHF Trade idea using our strategy tool, entry still valid. Are you in?
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
AUDCHF rejected by a weekly resistance 🦐AUDCHF hit and got rejected by a weekly resistance at the top of a descending channel.
Price found minor support on a minor structure.
IF the price will break and close below the 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 - SWING - 06. OCTO. 2020Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bearish market open this week.
4 HOUR
Expecting more bearish pressure within the week.
DAILY
Good short entries, prices at small pullback right now..
-
FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.65750
SL @ 0.66120
TP @ 0.65270
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 - Sell idea validAUDCHF - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
AUDCHF holds below the 0.66 levelPrice previously held above this level and finally broke lower on September 21st. After returning to this level, price attempted to push higher but ultimately closed lower for the past few sessions. Currently not seeing any significant bullish bars being formed so downside momentum expected.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.