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
Aud-chf
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 )!
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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.
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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
AUDCHF | DAILY SESSION | LONGPotential buy setup on AUDCHF if price closes above the VWAP. Looking for H1 weakness on CHF to continue and H1 Strength on AUD to continue. very short term setup
Big Picture View
Strong: AUD & CHF
Weak: N/A
This trade is valid until 2020/07/08 @ 4 pm BST.
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🐉 HAPPY TRADING 🐉
Bullish Movement expected on AUDCHF by ThinkingAntsOkMain items we can see on the chart:
a) The big picture of AUDCHF is that the price is inside a Primary Weekly channel and a Secondary Weekly Channel
b) The Secondary one has been broken
c) Based on that, we can see two corrective Structure on the Edge, and we think that if the new correction is broken will confirm the new motive wave
d) Our Target for this movement is the upper trendline of the primary weekly channel
DAILY CHART
AUDCHF SELL ideaI was stopped out of this previous trade however I saw an opportunity for a re entry. I haven’t had the best of luck recently as a new trader I’m working on my craft. I see a good sell opportunity on AUDCHF and is demonstrated on daily level too. It’s got a lot of room to go down and despite a jump out of the channel it is still in continuation of its downtrend. I’m entered currently and running profit.
My SL is currently 0.6555
with no current TP but I will be monitoring this trade and perhaps look into holding over the weekend/next week depending.
AUDCHF WEEKLY OUTLOOK JUNE 15-19AUDCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bullish closure above 0.65534. Whether that be a bullish engulfing candlestick, bullish inside bar pattern, or a bullish pin bar candlestick. This should take this pair to 0.66500, which would equate to about 95 or so pips. Patience is key.
AUDCHF Will price re-test the former resistance? 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!
Correction on AUDCHF by ThinkingAntsOkDaily Analysis of AUDCHF
A) The price has broken a descending channel with a bullish movement
B) From a Technical Perspective Corrections appear after relevant structures are broken
C) Based on that we are expecting a correction on the current zone
D) If that happens, we will consider it as a continuation pattern
E) The main idea will be to trade the breakout of it with a target on the next resistance zone
Don't miss the great sell opportunity in AUDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.64). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6323
TP2= @ 0.6234
TP3= @ 0.6072
SL: Break Above R2
Don't miss the great sell opportunity in AUDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.64). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6323
TP2= @ 0.6234
TP3= @ 0.6072
SL: Break Above R2
AUD- CHFAUD has been in an uptrend since March and looks strong against most of the forex pairs.
It has been consolidating as a symmetrical triangle (which are a 50,50 pattern in my experience) broke up from it and created a base on the base pattern as a rectangle range above the triangle and is about to break out of the rectangle, which is a good sign of strength and continuation.
As long as the price holds above 0.635 l, I believe the price will move to 0.66 in the coming days. which provides a good risk to reward trade.