AUDCHF SHORT -ANTICIPATING THE NEXT LOWER HIGH!Looking for the next lower high in this bearish structure and if the market can hold 0.69623 will look to short AUDCHF and anticipate another bearish swing back down to lows at 0.67708.
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Audchfshort
AUD/CHF short trade opportunity- AUD/CHF looks good for a short trade opportunity. It's trending towards the downside.
- We are seeing a recent support break as well as a 4-hour bearish engulfing candlestick closure, suggesting bearish pressure.
- Hedge funds are selling off both currency pairs, so the overall setup looks good to go:)
DeGRAM | AUDCHF rangingAUDCHF is ranging and there is no clear trend indication on higher timeframes.
We look for an opportunity to short from a level of resistance, which was tested multiple times.
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AUDCHF | ENTERED IN SELLERS ZONEAUDCHF has once again approached to the sellers zone where price has been rejected in the past. We are expecting the same as the candlesitcks shows bearish sign.
One can remain in sell on strength untill the price passed the 0.70950 level. Alternatively, breaking above will be enough to enter long.
AUDCHF 'Short' Trade IdeaThe AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity.
A reward-to-risk ratio of 4.97 is possible as follows:
Entry Price: 0.70437.
Stop Price: 0.70806 (36.9 PIPS).
Target Price: 0.68603 (183.4 PIPS).
Joe Gun2Head Trade - Reserve Bank of Australia surprise!Trade Idea: Selling AUDCHF
Reasoning: Reserve Bank of Australia surprises with a larger than expected rate hike
Entry Level: 0.6943
Take Profit Level: 0.6823
Stop Loss: 0.6986
Risk/Reward: 2.81:1
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