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
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Audchflong
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*
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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!
AUDCHF BREAK OUTHi traders! AUDCHF made a retracement and broke out of descending trendline and is now making a retest before heading higher. We can expect move at least to the previous high but based on a daily chart I’m expecting moves al the way to the 0.6440
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Possible BUY on AUDCHFI'm watching this pair closely and this is why I think it's a possible 80+ pip BUY...
I spotted a bullish divergence zone on my MFI showing a rise in demand altho price continued to produce a lower high
A triple bottom formed a strong area of support
IF* price breaks upwards out of this descending triangle it could continue with the long term trend to previous key-levels
Going to keep my eye on this one to see what the price does.
AUD/CHF price at Symmetrical Triangle support line Let's take a look at AUD/CHF at 1H chart. We can see that price has been struggling to break through Support line of the Triangle. There is possibility of bullish movement in next couple of days. Also on 4H chart we can see this is key support and Stochastic (14 3 3) is telling us that the pair is heading into oversold area. However, as you know, if you follow us (if you still don't than please do) we like to play it safe. We are not risking more than 2% on single trade of our capital and we enter trade when we have clear signs of upcoming move. So we suggest that we need more clearer signs of price movement before entering Long.
We can make pending Buy orders if the prices makes moves when we are a sleep. So that is what we are going to do.
BUY STOP @ 0.62823
TP1 - 0.63323
TP2 - 0.63823
SL - 0.62323
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