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Aud-chf

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
Short
by makerup
1
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.
Short
by Finchcliffe
1
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.
Short
by FX-TradingLions
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2