Audchfanalysis
AUDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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UPDATE: AUDCHF Currently at Sell Zone!!! Short Opportunity!!!Just a update from my previous AUDCHF analysis. (Link to that analysis is below) Alright, we can see AUDCHF now moving towards two strong resistance level: trend resistance and resistance level @0.6588. Having said that, I will be seeing a nice risk to reward trade for AUDCHF. First Level we have to keep a look out will be support level @0.6355. Having said that, if we were to see a BEARISH movement, I believe this level will be broken heading towards a strong support zone (Green Zone), at which price level will be at 38.2 fib level, strong support @ 0.6235 as well as heading towards the trend support level. My trade entry TP and SL is as above. Follow at your own risk, YGForex will not be liable for any loss in trade signal.
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No Reason To See a Breakthrough For AUDCHF!!!As of now, Im seeing a strong BEARISH pressure for AUDCHF as it approach an important double resistance level. Two level we can look to sell: current price and sell zone. What we can see now is a nice lower head pattern giving a BEARISH outlook. Price level now is also at the middle band which a breakthrough will give us a further bearish potential. However, if we see a rejection off this band we can see it heading towards the sell zone (Red Zone) where there is 2 resistance level we will be looking at. Mainly the trend resistance level (Red Line) and resistance level @0.6600. I will see price level heading towards 0.6350 and potential testing trend support (Green Line).
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AUDCHF long trade ideaPlan: wait for the price to bounce off from support level --> 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
AUDCHF another chance . risk $100 profit $1000Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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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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Thank you for your support!
AUDCHF short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDCHF Following Uptrend Line ClearlyAs can be seen from the chart above, AUDCHF is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF in a disciplined manner. With China's data release in a few hours, I expect there to be some volatility in this pair, but otherwise, the uptrend seems to be strong in this pair.
AUDCHF Upward Move in Near TermAs can be seen in the chart, AUDCHF has been moving upwards for a while now. I expect the trend to continue for the near term. I have entered a position at the current levels of around 0.62190 level, and my take-profit level is around 0.62650 level. That is the next resistance for this pair, and I expect it to touch that level in the near term.