Rebounce Off Strong Support Level for AUDCHF...BULLISH!!!As we can see AUDCHF managed to bounce off 61.8 fib level where there is a strong support level after a clear breakthrough of that level. A clear rejection can be seen followed by a small BULLISH movement. What I am seeing will be price level moving tpwards the next resistance level as it retest every levels it broke (e.g. 0.6628 support level). BULLISH strength is still there and we should be seeing it moving to 0.6692 area. After which, I will update on further movements when we see a clear direction.
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Audchfanalysis
AudChf- I expect a new leg downAudChf found a clear top in 0.67 zone and after an initial drop to 0.66 the pair confirmed yesterday 0.67 as strong resistance and a steep drop fallowed.
My initial 0.66 target was reached and now the pair is correcting this first leg down.
In my opinion, rallies should be sold for a break of 0.66, which will also confirm that we have a double top in place.
My target for this trade is 0.65 and I will look for an entry with 1:2 R:R
AUDCHF - BEARISH BIASAUD - BEARISH
1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline.
2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China.
CHF - BULLISH
1️⃣ Risk tone remains firmly risk-off, expect safe-haven currencies to remain in strong demand.
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TECHNICAL
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- We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart.
- AUDCHF in bearish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-on mode.
AUDCHF Retracement Phase... Short Trading Opportunity!!!I will be looking in the daily chart for AUDCHF movement. As we can see, monthly candle started off with a nice rejection off 0.6694 (yellow area) with a nice BEARISH start to the month. This gives us a outlook of AUDCHF potentially moving back if we see a BEARISH breakout. However, for that to occur, I will be first looking at the 50.0 - 61.8 fib level where I will like to see a strong BEARISH breakthrough followed by it moving back in trend. As of now, I am seeing a good potential for AUDCHF to travel all the way down but do take note of price movement. If we were to see a BULLISH rejection at 50.0 - 61.8 fib level (Red resistance zone), we should adapt accordingly.
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AUD/CHF BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
AUD/CHF: Daytrade-Execution
Notice: Keep your risk low in this trade please as AUD/CHF can be choppy!
Market-Buy-Order: 0,65480
Stop-Loss: 0,65210
Target 1: 0,65720
Target 2: 0,65875
Target 3: 0,66025
Stop-Loss: 28 pips
Risk: 0,5 % - 1%
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Peace and good trades
Irasor
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AUDCHF signal (LONG)Hello friends.
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Everything on the chart.
We got impulse,same situation like on cadchf, further movement upward will be continue, open a position on a retest of a broken triangle
(i open pos by market and 1 more buy limit on retest,coz structure of zig zag looking finished)
targets: 0.666 - 0.667 - 0.67
after first target reached move ur stop to breakeven
stop: 0.653 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
Good luck
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It's not financial advice.
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UPDATE - AUDCHF H&S FORMATION (REVERSAL??)The right shoulder has been formed. Creating a reliable head and shoulder pattern. Given the angle of the neckline, this seems to be a strong reversal signal. Possible downtrend to follow.
Wait for confirmation before entering position. Break of neckline 1st Confirmation. For further confirmation traders may wait for retest of neckline and if resistance holds, they may short.
*Price Action usually retests but this is not guaranteed*
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Trade at your own risk.
This should not be taken as financial advice, just my own trade idea.
AUDCHF set to resume sell AUDCHF is set to resume sell for the 3rd Impulse wave, which use to be the longest wave in a motive sequence.
Minimum target is outlined on the chart
The risk reward ratio is more than 2.
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AUDCHF long trade ideaPlan: wait for the price retracement --> (optional) wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
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GWBFX
Long Position on AUD/CHF 4HHello Traders!
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