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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Audchflong
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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AUDCHF H1 ANALYSISHello traders, we currently have a long setup for AUDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
Long buy for auzies.been waiting since yesterday to prove my hypotheseis. The Auzie is rising steadily, i believe it will continue till later in
the afternoon so be advised. The auzie has been know for swift reversals.Keep posted, and be patient not a lot of activity today.
note this template can be used for the other pair beginning with the aud/
AUDCHF - Daily IncomeG' Day Traders,
Thanks to all PRO traders’ community experts, on viewing my earlier charts and valuable feedback, it has encouraged me to share my Idea’s with community.
As of now AUD is in bullish momentum and CHF is trending as weakest currency amongst all 9 major curriences, exxpecting correction in last 4 hour breakout segement.
Have selected 2 trading zone, expecting correction towards 1st breakout entry zone. 2nd entry zone selected for deeper zone entry or 2nd pull back.
Below 3 multiple time analysis carried out for trade.
Daily - Curve Zone
4 HR - Trend analysis
1/15 - Trading zone.
Regards
Sajjad
FX:AUDCHF
AUDCHF Following Uptrend Line ClearlyAs can be seen from the chart above, AUDCHF is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF in a disciplined manner. With China's data release in a few hours, I expect there to be some volatility in this pair, but otherwise, the uptrend seems to be strong in this pair.
AUDCHF Upward Move in Near TermAs can be seen in the chart, AUDCHF has been moving upwards for a while now. I expect the trend to continue for the near term. I have entered a position at the current levels of around 0.62190 level, and my take-profit level is around 0.62650 level. That is the next resistance for this pair, and I expect it to touch that level in the near term.
AUDCHF Upward Move Expected in Near TermThe uptrend in this pair has been strong for a few sessions, as can be seen in the chart. It is testing upward resistance to move further up, and I expect it to touch 0.62400 levels in the near term. It is currently at around 0.62200 levels, so that's a good move for this pair at this point. My expected take profit levels would be around 0.62400 for AUDCHF.
AUDCHF long trade ideathe price has been confirmed to breakout the secondary trendline resistance (link attached below for previous analysis!) and potentially will go up, here's the plan :
Plan : 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUDCHF LONG TRADE ROADMAPwe are waiting for 2nd bounce and price deceleration to the 0.6070 support level before going long while current price plays well inside the bullish trendline channel, the price might test secondary trendline resistance before going to final resistance target at 0.6342, as an option, you can use the secondary trendline resistance as short-term day trading target. good luck!
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX