AUDCHF | New All Time LowPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 0.64162
TP1 - 0.60815
TP2 - 0.58602
TP3 - 0.56560
SL - 0.65240
Reason: The price can break the descending channel to downward due it lost horizontal support and losing S1. Also the price fixed a new all time low that might turn thing in our perpective.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
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.
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.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
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!)
Leave us a comment or like to keep our content for free and alive.
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