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.
Audchfanalysis
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.
AUDCHF Upward Move Expected in Near TermThe uptrend in this pair has been strong for a few sessions, as can be seen in the chart. It is testing upward resistance to move further up, and I expect it to touch 0.62400 levels in the near term. It is currently at around 0.62200 levels, so that's a good move for this pair at this point. My expected take profit levels would be around 0.62400 for AUDCHF.
AUDCHF long trade ideathe price has been confirmed to breakout the secondary trendline resistance (link attached below for previous analysis!) and potentially will go up, here's the plan :
Plan : 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.
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AUDCHF LONG TRADE ROADMAPwe are waiting for 2nd bounce and price deceleration to the 0.6070 support level before going long while current price plays well inside the bullish trendline channel, the price might test secondary trendline resistance before going to final resistance target at 0.6342, as an option, you can use the secondary trendline resistance as short-term day trading target. good luck!
**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.
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AUDCHF: Bullish Structure Need to wait till Candle ClosingThanks for Taking Interested in my Trading Idea.
AUDCHF: Bullish Structure Need to wait till Candle Closing
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Don't be surprised if AUDCHF continues lower. here's my take. AUDCHF is in a downtrend. we have a descending triangle on the hourly chart. if this triangle breaks to the downside, it'll be a confirmation that the trend will continue. However, if you're looking to long then the bottom of the triangle with a stop loss below is where your entry should be. I'm watching this pair with a neutral sense as I type. let's see where it'll head from here.
AUDCHF buy on H3Plan : wait for price to bounce off from horizontal / trendline support --> 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 like i do, please write it in comment so we can manage the trade together.
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Trading Pathways Analysis of AUDCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at the exact turning points where AUDCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
AUDCHF sell on H3Plan : wait for prices to bounce off horizontal / trendline resistance --> 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.
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GWBFX
AUDCHF - LONG AUDCHF seems to give a reversal signal regarding the RSI and price pattern.
In my point of view, AUDCHF is still considered as a downtrend, thus trading opposite the trend should be done in a short period of time, "Hit and Run".
Reward/Risk is about 1.5, which is still convincing.
!**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.
AUDCHF selling opportunity in Day chartAUDCHF
AUDCHF
pair just breakout the trend line and fall back below 100 Exponential moving average.
We can expect the fall back towards 0.67150 which is 50% Fibonacci level.
From this level we may open short positions and the potential take profit will be 0.65000 which is 2019 August month low.
And its a major psychological level.
Stop lose may placed above the 0.68200 level