Aud-chf
AUDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.60300 zone, AUDCHF is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around 0.603 Support and resistance zone.
Trade safe, Joe.
AUDCHF: Trade around this trendline.The AUDCHF pair is trading inside a nearly 1 year Channel Down, with the 1D technicals obviously bearish (RSI = 35.683, MACD = -0.006, ADX = 40.124). We will trade according to whether the LL trendline holds or breaks. If it breaks, we will sell and target the bottom of the Channel Down (TP = 0.58000). If it holds, we will buy and target the 1D MA200 (TP = 0.62000).
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AUDCHF...UT (3W) Long Term SwingTP4 @ 0.7585
TP3 @ 0.7315
TP2 @ 0.6866
TP1 @ 0.6550
BSO @ 0.6160
BLO @ 0.6095
SL @ 0.6080
ADDITIONAL INFO:
This is a slow moving pair, so use a conservative position size—no greater than 2% of the Net Asset Value of your trade account.
Also, I'll be shaving 50% of my BUY POSITION @ each TP. After Price Action pulls back from that TP, I'll be placing a new BUY STOP POSITON at the same price as the TP that triggered.
Be blessed everyone (Numbers 6:24-26)
⚠️The information above is NOT advice to enter a position. Trading and investing with or without margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade and invest, you should carefully consider your investment objectives, experience level, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money you cannot afford to lose.
AUDCHF | could be a good sell!? yeah boyhey traders!
bearish engulfing on the daily suggest further movement towards daily low, overall market direction bearish, and a nice recent break of moving average does suggest a push exhaustion cycle, overall good price action, however huge fundamental news today for US and tomorrow for GBP, this could cause CHF to gain/lose power, being a safe haven currency. ✅😊
AUDCHF: Bearish OutlookThe AUDCHF pair is currently heading towards a key resistance area located between 0.63057 and 0.62358. This area is significant because it includes the Fibonacci retracement level of 38.20, two descending trend lines, and the 100-period moving average on the 4-hour timeframe. My expectation is that the price will drop from this area towards 0.61584 and then 0.60949.
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AUDCHF can move higher 🦐AUDCHF on the 4h chart has been trading in series of lower lower high.
The market after a consolidation phase over a support create a new impulse to the lower side after a last liquidity grab.
Within 2 narrowing trendlines the price reached a support area ans started anew move to the upside.
It breaks the upper trendline and is now testing a resistance area.
According to Plancton's strategy IF the market will break above we can set a nice long order.
AUDCHF | DOES LOOK LIKE IT COULD BE A GOOD SELLHey Traders!
🔻Potential SELL setup for: AUDCHF
👨💻 Technical: Strong channel down, bearish engulfing candlestick developed and making new lows, does suggest further continuation of bearish pressure.
🎯 For an ideal entry: You could risk and enter now, or ideally wait for a pullback back to the moving averages and look to enter there, giving you a great risk reward, however GDP for AUD late at night so be careful.
AUD/CHF Why Not?OANDA:AUDCHF
Sure, why not trade something I don't normally look at.
I have to start with this pair at some point.
After a couple of close TP misses prior/during the recent Asian session, took a short on the Aussie Swissy heading into a round number before NYSE open.
After the opening bell, it slowly chopped and hit my hard 10pip TP, right before the small whiplash "Pending Home Sales" USA release 10:00 am est (UTC-5).
My trades are not huge pip amounts, but consistency wins the race.
Think rabbit and the tortoise, and the amount of lots on each of my positions.
Trade well
AUDCHF: Short Scalp Potential?We're in a long-term down trend, so I am overall bearish on this, not seen a huge amount to change my bias in recent weeks.
We may have a double top which coincides with the 50% fib retracement from the last impulse move down, certainly a strong rejection just below a previous 4Hr high.
I'm waiting until the next lower low (around 0.636) to maybe get in, SL 0.6385, TP 0.631 would be my risk and reward.
I am bearish on this pair and as per my previous post I think we'll see 0.62 in the coming weeks, but I do expect a bounce from 0.63 so I'll TP and await another entry down.
I'm conscious that there is the RBA meeting notes at 12.30am tomorrow, there will be volatility which could cause the stop to be triggered so I'll assess later, if triggered.
AUDCHF | THIS COULD BE A GREAT SELLHey everyone due to FOMC later today markets are not moving as much as not giving a clear indication of direction, this is usually due to news anticipation and everyone wants to see a clear trend before they react, so AUDCHF was pretty much the only choice on the table, it broke the neckline of a head and shoulders pattern, broke the previous support and now should be going down to re-test previous bottom level, if broken then we will see this trade further dropping down, ma's also cover stop loss so should be able to ride any of the volatility on this pair.
AUDCHF AUDCHF
Keep in mind most of the minor swiss pairs they brewing for a break out either direction!
Highs: 0.64460
Lows: 0.63585
A break of the highs next area of interest would be 0.64980
A break of the lows next area of interest would be 0.63255
Clean set up! Don't forget to trade your own plan.
Trade Journal
New Buy Setup on AUD/CHFI am expecting a new buying pressure to creep in really strong after the break above the symmetrical triangle on AUDCHF
It's best to wait for the break above the upper-band trendline before anticipating for a buy position.
Alternatively, a break-down below the prolonged and overly tested demand area, could lead to a fall and then targeting.
So, Watchout for AUD/CHF
AUDCHF Consider this buy break-out signalThe AUDCHF pair hit yesterday its 1D MA200 (orange trend-line) for the first time since September 05 2022. The key on the current price action is the weekly (1W) closing. In September it failed to close a 1W candle above the 1D MA200 and naturally it got rejected to the bottom the long-term Channel Down that it has been trading in since mid 2021.
The current sequence is quite similar to the July 2021 - March 2022 fractal. The pair failed to close a week above the 1D MA200 during October 2021 and dropped back to the bottom of the Channel Down. In early March 2022 though, on the new 1D MA200 test, it succeeded at closing a week above it and the price soared eventually to the top (Lower Highs trend-line) of the Channel Down, just above the 1.236 Fibonacci extension level, completing a +10.60% rise.
So naturally if we get that weekly closing above the 1D MA200 now, probabilities are with us to buy and target 0.6800, whihc is slightly below a +10.60 extension and the 1.236 Fib. As long as the price closes below it though, it remains a sell opportunity, towards at least the 1D MA50 (blue trend-line) on the short-term.
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AUDCHF - Hitting a ceiling?I'm expecting AUDCHF to continue being rejected by the weekly resistance after a retest of the rising trendline, before breaking back below to continue the downward trend that it's been on for a couple of years.
CHF 's world value remains very strong despite this recent short-term sell off and is risk-off.
AUD is risk-on, which I believe will fall due to global recession.
I'll be looking for sells on a break of the rising trendline and retest.