Aud-chf
AUDCHF, looking at the Daily chart by ThinkingAntsOkMain items we can see on the chart:
a) The two main structures of the chart are: a) The descending channel (white lines) and the Major support zone.
b) Currently, the price has broken the inner channel (the yellow one), and we can see a kind of correction above the support zone and the broken channel.
c) Based on all these aspects, we expect a bullish resolution of the situation.
d) Our Target is the Higher trendline of the descending channel (yellow lines) or the next Support/Resistance zone.
AUDCHF The 4H chart is showing an ascending channel. After a bullish breakout above the resistance level, the price has now turned bearish and reverted back to the support level at 0.6531.
We could see price retest this support level and turn bullish again, or the price may make a break below this support level and continue this bearish move.
Given the position of the MACD, RVI and RSI I believe we could see a breakthrough support and have a continued bearish move.
Bullish and Bearish Scenario on AUDCHF by ThinkingAntsOkMain items we can see on the chart
a) The price has broken a descending trendline
b) After that, we can see a corrective structure (purple lines)
c) Corrective Structures tend to solve in the same direction of the previous impulse
d) However, we have 2 scenarios here in case the analysis does not go as expected
e) Short Scenario: The price should reach the lower trendline of the Weekly Channel
f) Long Scenario: The price should reach the higher trendline of the weekly channel
AUD/CHF STRUCTURE LONG|SUPPORT REACHED|TRADING PLAN
AUD/CHF has reached a strong support level, while trading in a wedge.
If the diagonal resistance gets broken>> long after pullback.
If the support breaks>>short after pullback.
But I am bullish on this one.
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Bearish Pennant AUD/CHFOn the H4 chart, we can see a bearish pennant forming.
A bearish pennant is a bearish continuation pattern.
Before entering a short position, I will wait for confirmation by a break in the support trend line. I will also be checking the indicators for cross overs (RVI, and MACD) to show signs of a bearish move and potential overbought regions of the RSI.
I am new to trading, so I am open to any feedback.
AUDCHF Price is testing Resistance what will happen 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 Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1 Trade Setup summary:
Profit targets=1160 pip (75 + 155 + 250 + 305 + 375)
Stop Loss =450 pip
Reward/Risk > 2.6 : 1
Current Status:
Total Profit: 424 pip
Closed trade(s): 72 pip Profit
Open trade(s): 352 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit.
Open Profit:
Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip
Break Even 0.658
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 72.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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AUDCHF Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1 Trade Setup summary:
Profit targets=1160 pip (75 + 155 + 250 + 305 + 375)
Stop Loss =450 pip
Reward/Risk > 2.6 : 1
Current Status:
Total Profit: 424 pip
Closed trade(s): 72 pip Profit
Open trade(s): 352 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit.
Open Profit:
Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip
Break Even 0.658
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 72.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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Now, It's your turn!
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ForecastCity English Support Team ❤️
Short term bullish view on AUDCHF by ThinkingAntsOkMain items we can see on the chart
a) The price has broken an ascending trendline
b) After the breakout, we can see a corrective structure (purple channel)
c) Inside the purple channel, we can see the price above an inner support resistance zone
d) There we can see a corrective Structure, Our expectation is that, if the price breaks above the structure we will observe a bullish movement towards the highest level of the channel
AUDCHF Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 0.6435, resumption of uptrend is expected.
. We make sure when the resistance at 0.6815 breaks.
. If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
. While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 0.6625 on 07/15/2020, so more losses minimum to Major Support (0.6435) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
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Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCHF Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 0.6435, resumption of uptrend is expected.
. We make sure when the resistance at 0.6815 breaks.
. If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
. While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 0.6625 on 07/15/2020, so more losses minimum to Major Support (0.6435) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
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. . . . . Please show your support back,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCHF Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 0.6435, resumption of uptrend is expected.
. We make sure when the resistance at 0.6815 breaks.
. If the support at 0.6435 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
. While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 0.6625 on 07/15/2020, so more losses minimum to Major Support (0.6435) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCHF will price bounce on Fibb level? 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!
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). 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 68.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). 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 68.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCHF on a break of the side range 🦐The market after a continuous move up retrace till the 0.382 fib level of the previous leg and move in a consolidation side range for fre days.
Now the price seem to push up and IF the market will clearly break above the blue structure at the retest of it we can set a nice long order according with our strategy.
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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 ANALYSISAUDCHF respects major uptrendline
Price is based above HVN at level 0.6544 which indicates that pair is in accumulation phase
MACD shows start of bullish momentum
RSI is above level 50
we r waiting price exceeding next resistance level at 0.6557 to open long trade
It's expected to first target key level at 0.6605
then finally target supply zone at level 0.6735
AUDCHF - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( AUDCHF )!
-
1 HOUR
Bearish price action after taking out previous highs.
4 HOUR
Sideways market structure at its top, expecting a reverse shortly!
DAILY
Overall good short entries, prices too high.
-
FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.65380
SL @ 0.65650
TP @ 0.64950
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