Audchf4hr
Buying AUD/CHFTrading Setup for next week.
We are buying AUD/CHF on a pullback.
Entry: 0.6748
Target 1: 0.6790
Target 2: 0.6748
SL: 0.6677
Keeping our SL below 200SMA
Risk Reward 1.22
AUDCHF DESCENDINNG CHANNELPrice has been travelling inside a triangle and also inside a descending channel. This week the market opened with a large gap to the bottom of the channel and now it has started making its way up to the top of the channel.
As shown above we expect price to test the channel again downwards...
AUDCHF SELL LIMIT OPPORTUNITYThe price action of AUDCHF recently has been quite simple, it has been travelling in a triangle, price most recently broke out of a descending trend line to the upside and while doing so formed an ascending channel. Price followed in the channel all the way up to the top of the triangle where we experienced a small breakout to the upside. This was quickly turned into a false breakout when price shot down, breaking out of the ascending channel to the downside and back into the triangle.
Now, price will most likely come back up to retest the inside top of the triangle before making its way back down. The 0.618 retracemennt level lines up perfectly with the inside of the triangle, we have placed sell limit orders at the 0.618 and our tp is at the -1.27 extension level.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
AUDCHF GREAT OPPORTUNITY AUDCHF on the daily chart has been travelling in a large descending channel, and inside that channel is a triangle which was broken out of to the downside, since then, price has formed a descending trendline, however we have reached a major reversal poinnt of this wave, we are at a major resistannce and also the 0.618 retracement level.
Price shot up from this area to the trendline where it rejected the trendline, If price breaks out to the upside of the trendline then we could see price move up to the top of the ascending channel or even the -0.217 extension level. If price breaks below the 0.618 and current resistance then price could move down to the next support zone marked out above
AUDCHF TANKING LOWER?AS seen in our of our last opportunities, AUDCHF was travelling in a triangle however we saw a breakout to the downside. more visible in this idea
Price came back up to retest the triangle and while doing so it formed an ascending trendline which was broken and on its way down another one was formed. Price is there now, we are expecting some sharp rejections from this area
AUDCHF HUGE SHORT - TRIANGLE BREAKOUTAUDCHF was travelling in a triangle, until price broke out to the downside and came back up to retest the triangle and also the descending trendline formed from the triangle.
That is where we locked in the short trades as shown further down in our Trading view feed, we have now entered another entry - LETS GO !
AUDCHF LARGE SHORT APPROACHINGA large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel.
Price has formed a triangle shown above and has broken out of it to the downside and has already to come back up to retest. We could see a large short from this position, the drop has already started however the trade is still a long way to go. Global Forex Kingz members were sent this signal at the retest zone of the triangle and are in a risk free +25 pip short trade already. The targets are marked out on the chart above.
Target 1 and 2 are shown by purple rays
AUDCHF - Incoming DropAUDCHF is in a bearish trend on the 4H and without support.
We can expect it to fall further below.
Place your SL anywhere near the last high and TP levels as shown on the chart.
Trade safe.
AUDCHF SHARK PATTERNThere's a possibility of Shark formation. The transaction should not be opened before the formation is completed.We're in pursuit. The goals are indicated on the chart.
AUDCHF Double Bottom, Bullish Ignition - Long OpportunityThe price made a double bottom and now, already have a higher high. Just broke the down trend line and the lower time frame resistance. I`m waiting for correction to go long!
AUDCHFShort-term Trading Idea
For today - AUDCHF is approaching support where we expect a bounce above this level
AUD/CHF - 100 Pips Long Opportunity - Bullish ContinuationAUD/CHF seems to be in a bullish continuation pattern. If the current support holds we can expect it to go further higher up about 100 pips.
The more you wait for the confirmation before entering, the less unprofitable positions you will get into.
Happy trading!
AUDCHF Buy SetupLooking to buy AUDCHF as soon as it breaks the downwards channel it is currently in.
Expecting a move up above 0.7500, then bounce on the 0.7500 handle before next move up.
AUD/CHF - 200 Pips Short OpportunityAUD/CHF seems to not have any more support to go any higher and a breakout of it's current support would bring the currency pair down about 200 pips and more.
This is a good short long term opportunity with a risk:reward of 1:2.
Always invest after your own analysis and always risk manage properly.
Happy trading!
