Aud-chf
AUDCHF SHORT TRADEAUDCHF rebounded from supply zone at level 0.6614 with strong bearish movement
Price rejected after retesting broken corrective uptrendline and 78.6% Fibonacci level of preceding bearish wave at level 0.6596
Below Moving Average 100
AUDCHF is based below HVN at level 0.6580 which indicates that pair is in distribution phase
It's expected to target first key level at 0.6510 then continue going down towards demand zone at 0.6440
AUDCHF LONG TRADEAUDCHF formed inverted Head & Shoulder pattern on h1 frame
Price broke downtrendline
Supported on neckline at level 0.6580
Pair is above Moving Average 100
MACD shows bullish momentum
RSI is in uptrend
It's expected for coming strong bullish wave to target supply zone at level 0.6813 as a target of inverted head and shoulders pattern
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6557). 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 60.
Take Profits:
TP1= @ 0.6620
TP2= @ 0.6690
TP3= @ 0.6820
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 (0.6557). 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 60.
Take Profits:
TP1= @ 0.6620
TP2= @ 0.6690
TP3= @ 0.6820
SL= Break below S2
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.
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