Audchfdaily
AUDCHFHello everyone, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
________________
Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
AUDCHF ANALYSIStarget 0.69138
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
AUDCHF ON WEEKLY RESISTANCE AREAHi Traders,
I would like to open Short Position in AUDCHF now, because this pair is on Weekly Support & Resistance Level, I am looking this pair to move downside because of Key Level, Fibo 78%, RSI Level and because of last week Engulfing Candle.
AUDCHF BEARS COMMING`As we can see AUD against CHF standing near its Neckline and support. So we can imagine an H&S pattern and 3 times HIGHER HIGH and divergence in between PRICE AND RSI.
1st view. If we enter in 2nd shoulder so our SL can be 0.68868. But we are suggesting to use SL little big so we can follow both view.
2nd view. If we expect an other high so we will follow 2nd view risk reward ratio with smalest SL and biggest TP
AUDCHF- Sell Short to Mid Time Entry 📌««««««Notice & Disclaimer»»»»»🔖
⭐️Must Be Follow Money Management. which means Must Be follow maximum 3% risk in your Account Balance.
⭐️When your entry hits the first TP profit, you will try to get out of the market. And if you wait for the another of taking Profit, then you will give your stop loss break even.
then wait for 2nd and 3rd TP.
⭐️All Analysis and Signal Only my opinion using my own Experience and Strategy. so, Trade your own Risk.
Thank you 😊
All Credit Rapid_Trading LTD
AUD/CHF Wave Analysis
The counter has been in a 5-wave bull cycle.
Now, it is in the wave 4 phase which results in a bearish correction.
Hence, we expect the pair to be bearish in the near-term.
Respected Daily trend line and bulls lose control.As you can see, the daily trendline was restpected well for the third time creating multiple tops and rejection. also we broke our 4HR trendline. bulls are losing control and bears are taking over.
Do you like this analisys? Give me a like please.
I wish everyone a great trading week!
AUD/CHF : Daytrade-preparation!! SHORT 26/OCTHallo Friend.
This is a preparation for AUD / CHF.
Market movement according to the previous analysis.
good luck 👍
AUD/CHF : Daytrade-preparation!! SHORT
26/OCT
Market-Sell : -
Stop-loss : Close Break :0.64790
Target : 0.63450
If you find this helpful and want more FREE forecasts in TradingView
🙏Please show your support back,
Hit the LIKE button 👍
Drop some feedback below in the comment
AUD/CHF Wave Analysis
After completing a bearish cycle, the counter is limping up to complete ABC correction.
It is forming a wave A in the form of a bearish flag.
We expect it to render a bearish breakout to form wave B.
AUDCHF sell from retracementAudchf has reached the daily support of 0.64600. From here we can expect the market to make a retracement and make a lower low on the daily chart. it will be best if market reaches the 0.5 or 0.618 fibo retracements because then daily support will turn into resistance. Or the market can also test 0.382 and continue to the downside. We have to watch on 4H for a possible entry.
AUD/CHF Wave Analysis
As we suggested earlier, the counter is currently in an ABC and has moved down significantly.
Now, it is forming a triangle in the short-term charts.
We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.
AUDCHF Watch for SELL SETUPSHi trades, keep your eyes around the previous top for your sell setups. Get in once you will have a price action on lower time frame.
Forex Trading, AudChf Analysis Result Previous analysis was on that candle, we expected a move to the downside. the market gave us a shift in momentum and we capitalized on that with a risk to reward of 1:3.
Profit target hit
AUD/CHF Wave Analysis
The counter is currently in an ABC correction mode.
It has completed wave B and is sliding down with low momentum.
Further, the entire formation could be interpreted as a bearish flag formation.
Hence, we expect the pair to bearish in the short-term and complete wave C.
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.
=====
TECHNICAL
=====
- We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart.
- AUDCHF in bearish zone.
=====
RISK TO THIS TRADE
=====
- This trade will hit stop loss if market sentiment turns to risk-on mode.
