Audchfsetup
AUDCHF BUYAUDCHF 4H timeframe analysis, the market structure is currently ranging so i'm expecting it to buy at support right now for +80 PIPs, but i'm waiting for price action signal and other confirmations before i buy it.
Price is making a rising towards our resistance zone.The price on AC makes a fakeout above the daily resistance zone (red zone). Price came back and broke under the zone while over sold (see RSI) Price is retracing towards our strong resistance zone making a rising wedge, while doing thet the RSI Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone. just to be safe.
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Let me know your ideas on AC.
Have a nice trading week everyone.
AUDCHF - SHORT ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
Short Position on AUDCHF 4HHello Traders!
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🚀Sell Execution according to the market.
AUDCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price reached monthly resistance level that had pushed price down to bearish impulse, faced rejection and started downward move.
W > After facing rejection at resistance level price had pulled back and stayed in consolidation for over a month. Price moved up again to retest resistance again and after rejection moved down. We saw an M formation and expected price to move up to test its neck, which piece did.
D > Price went up to complete M formation and it can drop to test weekly support.
As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week.
4H > After testing resistance at neck of M formation price has started making LH and LL as first confirmation of reversal.
Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF and NZDUSD and strong negative correlation with EURAUD and USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
AUDCHF 4HRS ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Sshort Position on AUDCHF 4HHello Traders!
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🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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AUDCHF is waiting for the impulse moveAUDCHF
⚡️ From starting of the year The price felled towards 0.53420 and making a bigger downward impulsive move which is around 20% drop from January 2020.After that the AUDCHF managed to gain most of the loses its earlier incurred.
⚡️ After reaching June high which is 0.67430 the price unable to push further trading in sideways until September 02 afterwards the shifting of momentum happened and price stared to fall again as previous impulse wave
⚡️ On this range Elliot correction wave From A to E has formed And one minor correction waves are formed on the upper side of trend line
⚡️ The price has felled below the lower side of trend line and trading at 0.65000 key psychological level. We can expect a minor rebound retest towards the lower side trend line and will fall towards .236 Fibonacci retracement
⚡️ After the completion of minor Elliot wave correction a micro Elliot wave is underway currently the primary 01 is forming. And the swing target would be around 50% Fibonacci level which is a expected level for the completion of Wave 03.
⚡️The price felled below the 03 Exponential moving average and Ichimoku clouds and cloud turned red and pointing towards south
⚡️ In RSI its under 20 and over bought condition will make some minor upward correction towards lower side trend line
Key levels to watch
3 Month high -0.6712
3 Month low - 0.6486
6 Month high - 0.6743
6 Month low - 0.5727
yearly high - 0.6796
yearly low - 0.5342
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AUD/CHF position long Hi
Here you can see R zone that became S zone and where the price could go and where we can expect
a revers or little range situation .
Hope you can understand :) .
Fundamental data can change the situation very fast in our current time .
AUD/CHF New Update To Catch 400 Pips AUD/CHF New Update To Catch 400 Pips
1- New Down Trend Line
2- Risk Reward Ratio 1:10
3- Daily Confirmation
AUD/CHF, we are very Bearish here from Monthly perspectiveAUD rose up pretty massively in the past few weeks, but it doesn't change the fact, that price action from Monthly perspective is still very bearish.
AUD/CHF, accurate short ideaI am shorting the pair because price action is very bearish and there are strong support and two beautiful trendlines guarding the area
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 AUDCHF seems to give a reversal signal regarding the RSI and price pattern.
In my point of view, AUDCHF is still considered as a downtrend, thus trading opposite the trend should be done in a short period of time, "Hit and Run".
Reward/Risk is about 1.5, which is still convincing.
!**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.
AUDCHF Analysis: Ascending channel breakoutHi traders,
AUDCHF has been following an ascending channel from around mid-september and has now managed to break its support line.
I see high chances of price falling further due to the breakout.
AUDCHF sell signal........It's a great time for me to sell AUDCHF pair. If it retests then you can enter to trade. But you can still sell this pair.
After entering the trade you can move SL to the entry label when it reaches TP- 1
Then You can take half of your profit to close half of your trade.
And wait for reaching TP -2
AUDCHF Analysis: Price following a broadening wedgeHi traders,
Price still in an uptrend and following a broadening wedge within the ascending channel.
Currently the price has hit the resistance line of the wedge and is likely to bounce off towards the wedge support level.
Breaking of the wedge resistance line will invalidate this short/sell signal.
Share your opinions in the comment section. If you agree with the analysis kindly hit like to show support.
