Aud-chf
AUDCHF | Let's Follow the DeclinePlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 0.65859
TP1 - 0.65664
TP2 - 0.65381
TP3 - 0.65090
SL - 0.65920
Reason: Lost Horizontal Support, was rejected by Ichimoku Resistance. Now losing strong horizontal support zone.
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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
AUDCHF CHANGE IN DIRECTIONAUDCHF repected demand zone at level 0.6620
then broke downtrendline with strong bullish movement
Price is supported above Moving Average 100
Macd Shows positive momentum
HVN near the demand zone at level 0.6656 which shows that price is in accumulation phase
It's expected going up first towards the key level at 0.6731 then target the resistance zone at level 0.6812
AUDCHF lONG TRADEAUDCHF broke downtrendline after forming false breakout from demand zone level @ 0.6654
Price rested broken downtrenline and then pullback
we r waiting to exceed the coming resistance level @ 0.6700 for bullish setup
MACD shows bullish momentum
RSI is in uptrend
It's expected to target first HVN near level 0.6760
then target the resistance zone at level 0.6820
AUDCHF - FOREX - 30. DECE. 2019Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish price action and drop towards our support.
4 HOUR
Bullish market in a small pullback.
DAILY
Overall bullish market with good long entries.
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FOREX SETUP
BUY AUDCHF
1ST ENTRY @ 0.67850
2ND ENTRY @ 0.67750
SL @ 0.67570
TP @ 0.68140
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Daily Analysis on AUDCHF by ThinkingAntsOkUse this as a guide to develop your personal view of the chart:
Main items we can see on the daily chart:
a) Currently, the price is on a Flag Pattern formation (continuation structure)
b) Before the Flag Pattern, the price broke the ascending trendline (Bullish Weakness)
c)We can see a clear Support/Resistance zone on the chart where the price was rejected
d)Our forecast for AUDCHF is that: IF price breaks below the Flag Pattern we will consider that a new bearish movement has started
e)Our Target will be the next support zone (Daily Target)
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6712). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6750
TP2= @ 0.6820
TP3= @ 0.6888
SL= Break below S2
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6712). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6750
TP2= @ 0.6820
TP3= @ 0.6888
SL= Break below S2
AUDCHF: Medium and long trading plan.The pair is currently trading within a 1W Channel Up (RSI = 46.650, ADX = 20.166, Highs/Lows = 0.0000) since the August bottom on the 0.65400 Support. It is currently on the Higher Low trend line which technically is the optimal long entry towards the 0.69500 1W Resistance, which is our medium term target.
Upon reaching that level, AUDCHF would have made a Higher High on the 1W Channel Up, crossed the 1W MA50, while also making contact with the long term bearish Lower High trend line of the 1M Channel Down that started with the September 2017 Top. If that line (red bold line) breaks then the long term bullish bias are restored and you can pursue the next Resistance levels of 0.72500 and 0.74000.
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AUDCHF SELL SETUPAUDCHF Correction wave is over
now running in (C) wave pure bearish to continue bearish direction of wave (A)
price form 2 ABC Or 123 bearish setup , target of major wave and minor wave is the same
Volume Profile shows HVN ( Accumulation area ) near current price , it means explosion will be soon