Audchfforecast
AUD/CHF - SELL IDEAEveryday I follow 30 forex currency pairs and share with you the best setups ready for swing trading.
Subscribe because here you will find free educational videos for forex.
The key to success is in psychology and strong technical analysis!
RISK DISCLAIMER:
Nothing in my YouTube channel should be construed as financial advice. I am not a financial advisor and everything shared on this channel is for entertainment and educational purposes only.
AUDCHF is in sell zone!!AUDCHF has created a daily bearish engulfing pattern early today. Now on 4H, we have seen price created another bearish engulfer with a false breakout at the top, there is a high probability that this instrument will continue to drop.
If you find value in this analysis, press the like button:)
AUDCHF Probability double bottom formed long for 0.6950#audchf, 1st July average spread down bar closed towards the low. 4th July up bar broke previous bar high and closed off the high. Two bar reversal formed with 1st & 4th July bars. 0.6570-40 Demand zone for long, if fails to hold the demand zone then next level for long 0.65800-0.6480 with stop loss 0.6460 for target 0.6950.
DeGRAM | AUDCHF trend continuation AUDCHF is bearish. Price pulling back to resistance zone.
Price action is moving in a pause-break pattern.
This is going to be a simple trend continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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...
DeGRAM | AUDCHF rangingAUDCHF is ranging and there is no clear trend indication on higher timeframes.
We look for an opportunity to short from a level of resistance, which was tested multiple times.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUD/CHF SELL NOW.......
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.