AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
AUD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.571 area.
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AUDCHF
AUDCHF: Pullback From Key Level
🇦🇺🇨🇭AUDCHF broke a support line of a rising channel and a neckline of a double top pattern
on a 4 hour time frame, after a test of a key horizontal resistance.
We can expect a pullback from the underlined area at least to 0.5754
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AUDCHF: One More Trend-Following Setup 🇦🇺🇨🇭
Update for AUDCHF.
Earlier, we spotted a confirmed daily structure breakout on a daily.
The price formed multiple bullish confirmations on a 4h time frame then.
First, the price formed a bullish flag and violated its resistance.
After that, the price managed to violate a resistance line of a horizontal range.
Sentiment is very bullish on the pair.
We can anticipate a continuation at least to 0.5775
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Swiss Inflation Trends Impacting AUDCHF: A Closer LookIn the upcoming trading week, we're keeping a close eye on AUDCHF for a potential buying opportunity near the 0.57450 zone. AUDCHF is currently undergoing a corrective phase within its uptrend, approaching the critical support and resistance area. Adding a fundamental layer to our analysis, it's noteworthy that inflationary pressures in Switzerland are showing signs of easing. This shift in inflation dynamics could influence trading sentiments and provide insights into potential currency movements.
Stay vigilant and trade safe,
Joe.
AUDCHF Bearish 1H TF (AB=CD,Double Top,Divergence,Break of HL)AUDCHF shows a bearish bias based on:
(1) Bearish Divergence
(2) AB=CD Pattern (Reversal)
(3) Double Top Reversal
(4) Dow Bearish Continuation (LLs and LHs)
(5) TP at Fib Level 50% and 61.87%
Trade Plan (Bearish Bias)
SL: Previous HH
Entry: Sell at CMP
TP1 and TP2: 1:2 reward.
Note: If not confortable with TP2, you can go for only one TP1 or upto 50% fib.
What do you think, will it work?
AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are going short on the AUD/CHF with the target of 0.570 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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AUDCHFIs AUDCHF exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5666 followed by 0.5610.
What you guys think of it
AUDCHF Next Move ?Pair : AUDCHF ( Australian Dollar / Swiss Franc )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Completed the Retracement
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
AUDCHF 1 Hour to the downside if 0.57300 holds as resistance?I think the 1 hour chart on AUDCHF is looking like a possible downside if resistance holds at 0.57300.
I'm looking for 2 x TP's shown on the chart, one is a 3.9:1 risk to reward, the other is a 6.5:1 risk to reward ratio.
Let me know if you think this resistance will hold?
AUDCHF Buyers In Panic! SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5714 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.5704
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
⚡️AUDCHF CMC TRADING ⚡️ FALLING WEDGEAUDCHF has retraced to the upper boundary of the channel, coinciding with a significant key level established on the daily timeframe. Our anticipation revolves around a potential reversal towards the lower demand zone identified previously, prior to any potential rally. Should the bullish momentum persist, a breakout above may materialize. However, it's crucial to await confirmation of a breakout on both the channel and the key level before expecting an upward rally.
AUDCHF ShortReason:
Liquidity grab
Break of structure
FVG (imbalance)
1 Fundamentally CHF is stronger than the AUD
2. COT Data showed me that over the past week CHF has been bought by smart money and the AUD been sold
3. Retail sentiment are majority long on this pair
Keep in note that price might drop further so if that happens adjust your fibonacci retracement tool. this is just an idea
AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
AUD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.567.
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AUDCHF Bullish UpdateAUDCHF
price is attempting a bullish breakout of the Wedge pattern, If price manages to break above the structure I expect the price to move higher towards next resistance area.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.