Wait for the price to return to the confluence with AUDCHFH4 time frame.
Structure: Strong downtrend.
Currently, the price has an upward move towards the 0.67000 resistance zone.
This is the confluence between the resistance, the trendline, and the 50% Fibonacci zone of the current downtrend.
Waiting for a bearish reversal pattern to form here, a buying opportunity can be found.
Profit target is 0.63000 price zone.
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Wish you all have a good trading day!
Audchfshort
AUDCHF AnalysisEntering in a AUDCHF Short position on the Daily time frame @ 0.66965
Technical perspective - Daily time frame, head and shoulders with a break lower on the neck line and also a nice trend line break shown in blue
Fundamental key news - New delta variant in South Africa + request for China DiDi to de-list from US stock exchange is both bad news for AUD currency. Speculating this will be the catalyst down towards the lower level. Will be taking partials along the way.
AUDCHF TRADE IDEA - M PATTERN OR HEAD & SHOULDERSHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
We are currently running 24 pips from entry, based on the Weekly M pattern where we have entered on the wick of the candle. The market has also printed a W formation on the daily, though we might not take it due to the bearish momentum as well as we will not get a 1:3 RRR for that trade, though there are 2 possible reentry, should it retest the entry then BE then reenter again while waiting for an M pattern or a Head & Shoulders pattern where we enter again on both scenarios for a continuation to the downside.
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
Short AUDCHF 08 Nov, 2021As the daily chart shows, this pair has resumed the downtrend already. Note how the 200 SMA repeatedly held price at 0.6900. The best entry would have been in that 0.6900 region but that does not mean we cannot get on this train now.
We need a pullback to get a good entry and if price pulls back to the 0.6800 area, that would be ideal. I like that location because it allows us to place a tight stop loss and target the next support at 0.6670. If that does not happen, I would switch to the H4 chart and look for a good entry point as price action develops.
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Always use sound money and risk management in all your trades.
AudChf is bearish, look for sell opportunitiesThe trend for AudChf is clearly bearish and the pair fell 700 pips since the end of February to the end of August.
The rally started after the recent low is just a correction to the overall trend and we can consider this correction over at this moment.
If we look at the daily chart we can see that the recent rally reversed from a very strong confluence resistance given by last horizontal support and 50% Fibo.
Also at the beginning of November AudChf has broken under the rising trend line and 0.68 support and now the road is clear for a new test of 0.65 zone support.
I'm looking to sell rallies and I will stay bearish as long as the price is under the last broken support
AUD/CHF:DOWNTREND|CYPHER PATTERN|PRICE IS FALL...Welcome back Traders, Investors, and Community!
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Waiting for retest and selling opportunity with AUDCHFH4 time frame.
Structure: The uptrend has been broken.
The price has confirmed the formation of a downtrend.
Waiting for a retest to the 0.68400-0.68500 price level and the appearance of a bearish reversal pattern, you can find selling opportunities.
The profit target is the 0.66700 price zone.
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Wish you all have a good trading day!
AUDCHF DAILY ANALYSISPrice has rejected the 0.69277 level and fallen 80 pips all Thursday and still pushing to the downside.
Looking to see if price will keep pushing to key level 0.68183. Main trend is in a downtrend . Strong bearish signal with candle.
Aussie Is losing strength for the week and has fallen on some pairs. Swiss is gaining strength and getting stronger.
Will see what Friday does. Possible short to lower key levels. Long term.
AUDCHF - Looking for reaction of 0.68600 levelMy apologies! I can't publish this setup on which I found on the Lower time frame, so I have used the 15m
AUDCHF
SELL LIMIT @ 0.68620
Stop Loss: 0.68650 (Add Spread)
TP 1 (1R): 0.68590 (Scalp TP OR 20% partials / Stops → BE)
TP 2 (3R): 0.68529 (30)
TP 3 (5R): 0.68468 (30)
TP 4 (10R): 0.68316 (20)
Explanation: On the lower timeframe price rejects multiple times, before showing bearish price action. We then get a secondary Break of Structure in the lower timeframe structure. Looking to see the price reject off the level and give us some downside movement to at least .68500 level.
Please remember the TP guidance is for basic partials, if you are advanced use structure and price action to guide your decision-making process.
Descending channel AUD/CHFThe descending channel pattern is often a bullish signal for long positions after a breakout confirmed with a retest off the support trendline.
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
AUDCHF - Bearish BiasAUD - Strong Bearish
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
3️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
CHF - Strong Bullish
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
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Technical
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We are selling AUDCHF after it failed to break the resistance level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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AUDCHFHello Traders Welcome back to another profit day
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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.
AUDCHF with OB view
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profitSday guys