Audchflong
AUDCHF - BULLISH BIASAUD - BULLISH
1️⃣ Investors moved away from the US Dollar as US President Donald Trump called for Congress to pass legislation for airlines, small businesses, and stimulus checks of $1,200 for Americans.
2️⃣ Investors were also optimistic on the prospects of economic recovery in Australia after Treasurer Frydenberg handed down the expansionary federal budget on Tuesday evening.
CHF - BEARISH
1️⃣ The prevalent risk-on environment undermined the safe-haven CHF and remained supportive.
2️⃣ Swiss National Bank (SNB) Chairman, Thomas Jordan said supply of money can be reversed at any time should the demand for the safe-haven currency weaken.
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TECHNICAL
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- We're looking to long AUDCHF on RBS level + fibo retracement 50.0% are on H1 chart.
- AUDCHF in bullish zone.
AUDCHF signal (LONG)Hello friends.
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Everything on the chart.
if my markup is right we are in (iv) wave(triangle)
open pos: ur own decision, u can open pos market with stop under last local low,or when triangle will completed, or on (e) :D too much options,everything for u)
targets: 0.673 - 0.677
after first target reached move ur stop to breakeven
stop: (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
Good luck
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AUDCHF : looking for best entry point.As you can see price reached a strong support area and I believe it is going up to resistance area.
The question is when to enter the long position ? I think we can wait for possible retest or retests of support area and enter the position with better Risk/Reward ratio. Our target is a few pips below 0.66000 and stop loss should be a few pips below our support area.
Please like and leave me any questions, comments or observations, thank you and have a great week.
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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AUD/CHF BUY IDEAHey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/CHF: Day-Swingtrade-Preparation
Market-Buy: 0,66515
Stop-Loss: 0,66075
Target 1: 0,66900
Target 2: 0,67130
Target 3: 0,67450
Stop-Loss: 44 pips
Risk: 0,5% - 1%
Risk-Reward: 2,13
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Peace and good trades
Irasor
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AUDCHF- BUY SETUPIf you look at the daily chart, it has formed a nice cup pattern. This is the reason Im looking for buy opportunists. Using the AB=CD strategy, I will be waiting for it to come to the 61.8% fib retracement, forming the C, and buying from that area, if price action shows me its going to go up!
Your thoughts area welcome though!
Audchf short term trade opportunityHey everyone, there seems to be something brewing in the audhcf. On the greater term we have popped out of a triangle we've been in since june and have seen a small correction. As my elliottwave analysis shows, we are in the wave 4 of a greater 5 wave move, and are about to be on our way much higher. The current support will be a bit below the 3 previous swing lows. I These 3 lows, which also happen to be on the 200 ema of the 3 hour, are a HARD support and if we break it, I am looking to take a short to the downside.
For this trade the target is the top of the most recent wave 3, with the ultimate target, and best case scenario being we hit the 2.618.
Another reason as to why I am going long is the action on the 3 hour macd. I believe that we are starting to see some bullish divergence as indicated by my trendline.
Long story short, my recommendation is that you go long up to the 0.67254 mark with a stop loss at 0.6575.
I hope this trade finds you in a good time and prosperous place. All the best
-Mika Kwiecinski