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.
Aud-chf
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.
AUDCHF are we close to a bearish movement?Main items we can see on the chart:
a) The price broke an ascending trendline
b) After that, we can see a huge corrective channel (purple lines)
c) Currently, the price made a small breakout, and we can see a slight correction on the edge of it.
d) IF the price breaks below the structure and reaches the red line, we will take it as a solid confirmation of the short view
e) Our Target will be the lower trendline of the weekly channel
keep an eye on AUDCHF for sell tradesIn AUDCHF, the price is in a range bound.
However, it seems that a descending triangle is forming and also the price is above a support zone.
But we cannot be positively sure of a downtrend until the support line 0.65000 breaks.
We suggest opening sell trades if the 0.65000 support line broke down.
But we cannot be precisely sure of a bearish movement until the 0.65000 support line breaks.
Lower supports can act as a TP.
AUDCHF ANALYSISAUDCHF is supported above key level at 0.6600
Price rejected from 50% Fibonacci level with bullish movement
Above SMA 100
MACD shows bullish momentum
RSI is above RSI
It's expected the continuation of bulls power to target first supply zone at level 0.6710
then finally target next resistance level at 0.6800
AUD_CHF STRUCTURE SHORT|TRADING PLAN
big picture
AUD_CHF IN FINAL STAGES OF TRIANGLE TRADING, SUPPORT BREAKOUT EXPECTED
TRADING PLAN:
(1) IF breakout happens>>>
(2) Wait for it to be confirmed>>>
(3) Short on pullback.
(4) Takes on the chart.
IF triangle upper resistance breaks>>> setup invalid-possible long!
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LIKE and SUBSCRIBE for LULZ....
AUDCHF ANALYSISAUDCHF broke uptrendline
Pair is based below resistance level at 0.6640
Price is based below HVN at level 0.6614 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 0.6597 to open short trade
It's expected for coming bearish movement to target demand zone at level 0.6506
AUDCHF Price is testing R2 whats next? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDCHF Monthly/Weekly 🦐AUDCHF on the monthly chart is close to a extremely strong monthly resistance.
Market hit the top trendline and retraced back starting a range move between 2 weekly structure.
At the moment market has been between the 2 structure for more than 9 weeks and we can expect the price to take a solid direction after such a long time.
At the break of the strcture we will be ready to look for a position.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
AUDCHF wait for the break of range (Weekly/Daily) 🦐On the weekly chart AUDCHF has been inside a megaphone pattern which normally is a continuation pattern.
Market hit the lower trendline before starting to rise up.
We can clearly see that the market is moving inside a range between the 2 weekly structures.
If the market will break below the structure, as we expect, we can look for a short position according with our strategy.
IF the market will break above the upper structure, we can foreseen a test of the upper megaphone trendline, so we will be ready for a long position.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Two directions analysis on AUDCHF and trade explanationMain items we can see on the chart:
a) Currently, the price is inside a yellow range
b) We see an interesting bullish or bearish potential depending on the breakout of the range
c) The strategy we will use to take advantage of this situation is to wait for the breakout and then look for corrective structures on the 30minutes or 15 minutes chart
d) The corrective Structures we will be looking for must be an ABC pattern, and we should see a Pullback (if we have a bearish breakout) or a Throwback (if we have a bullish breakout)
e) If you don't know what Pullback and Throwback is here is a quick explanation: After the price breaks a clear structure we will see a retest of that broken level, that movement is called pullback on bearish breakouts, and is called throwback on bullish breakouts
AUDCHF - SWING - 26. AUGU. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bullish pressure right now
4 HOUR
Price closed above main sr level.
DAILY
Overall sideways waving market structure, good long entries!
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FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.65440
SL @ 0.65110
TP @ 0.65910
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 ANALYSISAUDCHF rebounded from demand zone at level 0.6495 with bullish movement
Price is based above HVN at level 0.6533 which indicates that pair is in accumulation phase
RSI shows bullish momentum
RSI is above level 50
Above SMA 100
It's expected for the continuation of bullish momentum to target first key level at 0.6595
then finally target supply zone at level 0.6690