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AUDCHF

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 - 4hrs ( Sell Trade Target Range 150 PIP ) 💲Pair Name : AUD/CHF 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( / Short ) Type : Mid Term Swing ——————————— Bearish Reversal 0.65000 Area Reasons - Turn level Counter Trend - M Turn level - Visible Range hvn - Harmonic Pattern - Q High / 2 Q High Area - Fixed Range Poc Bullish Reversal 0.63000 Area Reasons - Major Turn level - Visible Range Value - Pattern Target - Fibo Golden Zone
Short
by GoldenEngine
2
📌 Potential SELL setup for: AUD/CHF👩🏽‍💻Technical: The monthly chart is showing a clear bearish bias in the market. However, on the weekly chart, the price is still struggling to break the MA 20, which is indicating some buying pressure. Moving on to the daily timeframe, the price has recently pushed aggressively towards the downside and has formed a strong bearish engulfing candlestick. The next target for the price is to break the MA 50 & 100, which might still experience a pullback towards the upside. 🎯 For an ideal entry: Even though the price formed a 4-hour bearish engulfing and closed into a new low, it has not yet broken past the daily MA 50/100. I would aim to enter AUDCHF after a break, followed by a push > exhaustion completion and bearish candlestick formation to confirm my entry and I can potentially aim for a weekly support level as my profit target.
Short
by fxtraderkristina
2