Audchflong
AUDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-From a higher time frame, the pair remains under bullish appearance as strong trendline support has been met recently, last week this long entry caught me already reaching my S/L level.
Price is currently struggling with the descendent trendline, showing some exhaustion from bulls, now if the price gain enough force to break the trend line, a long entry could be placed
The order:
Type: buy-limit
S/L: 74 pips - R:R | 1:2 -
T/P: aiming towards the resistance
AUDCHF H4 LONG PRICE ACTION FORECAST Price action in a bullish bias from a general outlook, expecting the retest from the support trendline or breakout from the resistance level of 0.655 handle to capture the uptrend continuation with a long entry.
The order:
Type: buy-limit
S/L: 62 pips - R:R | 1:2.5 -
T/P: aiming at the key support line by the blue dotted line
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.
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GWBFX
AUDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-With price bouncing apart from a rising trendline from D1, it has found consolidation form the Fib level 5.0. Overall looking for the pair remains bullish.
In H4, now, price action pulled back towards the trendline support, re-testing the support line at 0.6457 handle, expecting the price to re-test the same level before its bullish continuation allows a long entry.
The order:
Type: buy-limit
S/L: 60 pips - R:R | 1:4 -
T/P: aiming at the resistance level from D1
AUDCHF looking to continue its upward climb.Hello Traders,
The AUDCHF may look to continue its upward streak. I initially was looking at a short position pull-back on the AUDUSD but found Hidden Bullish Divergence on the shorter-time frames so decided against it. It looks like the same Hidden Bullish Divergence has formed on the 3H AUDCHF MACD/Price Chart. The RSI has also cooled off a bit on the 3H RSI. I decided on the AUDCHF over the AUDUSD as the AUDCHF seems to have a bit more room to climb before it reaches its December 2019 levels.
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*The above is not investment advice but simply my analysis of the current market conditions*
AUDCHF H4 LONG PRICE ACTION FORECASTAfter the bullish rally in the pair, a correction should come. Now, expecting price action pullback to trigger buy-limit order, allowing the setup to claim profit right at the next resistance level with the R:R | 1:2
Price action has been bouncing from the 50EMA, so the 3rd bounce is the charm. In the D1 timeframe, the price has been bullish, finding resistance at the 200MA, supporting the theory of a healthy correction for further bullish continuation.
AUDCHF may continue its riseHello Traders,
The AUD may continue its rise against the CHF. Hidden Bullish Divergence has formed on the 4H and price is being rejected at the 50-day EMA.
Price is being rejected at the 240-day LMA on the 1D. Entry consideration would be made when the price closes above the 240-day LMA. (See 1D chart below)
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*The above is not trading advice but simply my analysis of the market*
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!