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Audchfanalysis

AUDCHF Looking for a pullback to go short for the week of 08 AugThe fact that this pair is bearish should be evident. The 0.6700 area has been a solid resistance holding price 12 times in the last 30 days. The 50ema adds confluence to this bearish cloud that hangs above this region. Now, price could move straight down when market opens on Monday, but I am hoping that the bulls will make 1 more attempt. If that happens, it will provide a great location to take a short. Even with a generous stop, we can get a 3.7R trade with target located above the next support in the 0.6520 region. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
AudChf swing term analysis from 20th, june, 2022|250 pipsAudChf swing term analysis from 20th, june, 2022|250 pips Here is my analysis for the Audchf for the coming week... Sentimentally, with the stock markets falling further even lower than the previous week, investor sentiments are still #riskoff. this shows potential for investors to buy safe haven currencies as opposed to commodity or risky asset based currencies like the Aud. With China's perceived face off with the US over Thailand coupled with the imposed curfew and restrictions in some business districts, there may be some decreased trade activity in China which would equally affect Australia. Technically, AudChf has been ranging in an area of supply and price distribution on the higher time frame, and recently broke through the exponential moving average with an impulsive move... there's a demand zone which price could be heading to either grab or take out liquidity...Structurally, Audchf is a long term downtrend...judging from the monthly timeframe as price is also currently falling from a lower high market structure. A video analysis of this trade idea could not be shared on YT due to some technical factors...I would like your ideas...
Short
by MillionaireLogistics